Norwegian Cruise Line (NYSE:NCLH) Now Covered by Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report report published on Monday morning, MarketBeat reports. The firm issued a buy rating and a $25.00 target price on the stock.

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of 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. Barclays raised shares of 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 research note on Friday, December 13th. BNP Paribas assumed coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective on the stock. Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price for the company. Finally, The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.28.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $18.99 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a 12-month low of $14.69 and a 12-month high of $29.29. The business’s 50 day moving average is $23.71 and its two-hundred day moving average is $24.40. The company has a market capitalization of $8.36 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.24 and a beta of 2.62.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCLH. Wellington Management Group LLP raised its holdings in shares of Norwegian Cruise Line by 211.1% in the 4th quarter. Wellington Management Group LLP now owns 831,820 shares of the company’s stock valued at $21,403,000 after buying an additional 564,423 shares during the period. California State Teachers Retirement System increased its stake in Norwegian Cruise Line by 1.3% during 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 period. 111 Capital acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $219,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Norwegian Cruise Line by 17.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,265 shares of the company’s stock valued at $650,000 after purchasing an additional 3,844 shares during the period. Finally, PKO Investment Management Joint Stock Co acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $901,000. Hedge funds and other 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.