Norwegian Cruise Line (NYSE:NCLH) Coverage Initiated at BNP Paribas

Equities research analysts at BNP Paribas assumed coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $21.00 price target on the stock. BNP Paribas’ price objective would indicate a potential upside of 3.93% from the stock’s current price.

Several other research analysts also recently commented on the stock. Truist Financial raised their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Monday, March 17th. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America cut their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and a consensus target price of $28.47.

Norwegian Cruise Line Price Performance

NCLH stock opened at $20.21 on Thursday. The firm has a 50 day moving average of $24.17 and a 200-day moving average of $24.34. The firm has a market capitalization of $8.89 billion, a P/E ratio of 18.54, a price-to-earnings-growth 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 current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NCLH. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the fourth quarter worth approximately $27,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter worth $27,000. 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. Finally, R Squared Ltd purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $31,000. Institutional investors 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.