Norwegian Cruise Line (NYSE:NCLH) Research Coverage Started at BNP Paribas

BNP Paribas began coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report report published on Thursday, MarketBeat reports. The brokerage issued a neutral rating and a $21.00 price objective on the stock.

Other equities research analysts have also issued reports about the company. Bank of America decreased their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday, March 17th. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Wells Fargo & Company lifted their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Morgan Stanley raised shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $27.00 to $22.00 in a research note on Friday, March 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.47.

Norwegian Cruise Line Stock Down 3.6 %

NCLH stock opened at $19.17 on Thursday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market capitalization of $8.43 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 52-week low of $14.69 and a 52-week high of $29.29. The company’s 50 day simple moving average is $23.88 and its 200-day simple moving average is $24.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. United Capital Financial Advisors LLC lifted its position in shares of Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock worth $358,000 after purchasing an additional 498 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after buying an additional 509 shares during the last quarter. Vinva Investment Management Ltd boosted its position in shares of Norwegian Cruise Line by 3.6% in the third quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company’s stock valued at $309,000 after acquiring an additional 528 shares during the period. Scotia Capital Inc. grew its stake in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after acquiring an additional 540 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in Norwegian Cruise Line by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after acquiring an additional 654 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.