Norwegian Cruise Line (NYSE:NCLH) Now Covered by Analysts at BNP Paribas

Investment analysts at BNP Paribas initiated coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research note issued on Thursday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $21.00 price target on the stock. BNP Paribas’ target price would suggest a potential upside of 3.93% from the stock’s previous close.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $28.00 to $32.00 in a report on Friday, December 13th. Bank of America decreased their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company raised 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 report on Friday, February 28th. Finally, Loop Capital started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target on the stock. Nine equities 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, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average price target of $28.47.

Norwegian Cruise Line Trading Down 1.3 %

Norwegian Cruise Line stock opened at $20.21 on Thursday. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year high of $29.29. The firm’s 50 day moving average price is $24.17 and its 200-day moving average price is $24.34. 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 stock has a market cap of $8.89 billion, a P/E ratio of 18.54, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently modified their holdings of NCLH. Wellington Management Group LLP increased its stake in Norwegian Cruise Line by 211.1% in the fourth quarter. Wellington Management Group LLP now owns 831,820 shares of the company’s stock worth $21,403,000 after purchasing an additional 564,423 shares during the period. California State Teachers Retirement System grew its holdings in shares of Norwegian Cruise Line by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 411,353 shares of the company’s stock worth $10,584,000 after purchasing an additional 5,348 shares during the last quarter. 111 Capital purchased a new position in Norwegian Cruise Line in the 4th quarter worth about $219,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Norwegian Cruise Line by 17.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,265 shares of the company’s stock valued at $650,000 after buying an additional 3,844 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at about $901,000. 69.58% of the stock is owned by institutional investors.

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.