BNP Paribas Begins Coverage on Norwegian Cruise Line (NYSE:NCLH)

BNP Paribas initiated coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a report issued on Thursday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $21.00 price target on the stock. BNP Paribas’ price target points to a potential upside of 9.57% from the company’s previous close.

A number of other analysts have also issued reports on the company. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $22.00 in a report on Friday, March 21st. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research note on Monday, March 17th. Wells Fargo & Company increased their price objective 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. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Finally, Bank of America cut their price target 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. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and a consensus target price of $28.47.

Norwegian Cruise Line Trading Down 3.6 %

NCLH stock opened at $19.17 on Thursday. The company has a market capitalization of $8.43 billion, a PE ratio of 17.58, a P/E/G ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $29.29. The firm’s 50-day moving average is $23.88 and its 200 day moving average is $24.32.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prestige Wealth Management Group LLC lifted its stake in shares of Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares during the period. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $27,000. Finally, Rakuten Securities Inc. grew its position in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 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.