Norwegian Cruise Line (NYSE:NCLH) Coverage Initiated by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $25.00 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 31.25% from the company’s previous close.

Other analysts have also issued research reports about the stock. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target for the company. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Morgan Stanley upgraded shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $27.00 to $22.00 in a research report on Friday, March 21st. Finally, BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $28.28.

Norwegian Cruise Line Stock Up 0.5 %

Shares of NCLH opened at $19.05 on Monday. The company has a market capitalization of $8.38 billion, a P/E ratio of 17.48, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $29.29. The business’s 50 day simple moving average is $23.55 and its 200-day simple moving average is $24.40. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the stock. United Capital Financial Advisors LLC raised its stake in shares of Norwegian Cruise Line by 3.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock valued at $358,000 after purchasing an additional 498 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Norwegian Cruise Line by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after acquiring an additional 509 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after acquiring an additional 540 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Norwegian Cruise Line by 35.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after purchasing an additional 654 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.