Jefferies Financial Group Initiates Coverage on Norwegian Cruise Line (NYSE:NCLH)

Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set a “buy” rating and a $25.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 31.25% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Morgan Stanley raised Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $22.00 in a research report on Friday, March 21st. BNP Paribas began coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price objective for the company. Bank of America reduced their price target on shares of 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. Finally, Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Trading Up 0.5 %

Shares of NYSE NCLH opened at $19.05 on Monday. The business has a fifty day simple moving average of $23.55 and a 200-day simple moving average of $24.40. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Institutional Trading of Norwegian Cruise Line

Institutional investors have recently modified their holdings of the company. Apollon Wealth Management LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $272,000. Cookson Peirce & Co. Inc. bought a new position in Norwegian Cruise Line during the fourth quarter worth about $654,000. Zacks Investment Management acquired a new stake in Norwegian Cruise Line during the third quarter valued at approximately $3,821,000. Hodges Capital Management Inc. grew its stake in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after purchasing an additional 23,075 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock worth $55,800,000 after buying an additional 1,702,748 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.