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

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

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $27.00 to $22.00 in a research note on Friday, March 21st. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. Wells Fargo & Company raised their target price on 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. Macquarie upped their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Finally, Truist Financial lifted their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.47.

Norwegian Cruise Line Stock Down 3.6 %

Shares of NCLH stock opened at $19.17 on Thursday. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $29.29. 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 fifty day moving average price of $23.88 and a 200 day moving average price of $24.36. The stock has a market cap of $8.43 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds have recently added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its holdings in Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares during the period. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. Institutional investors 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.