Norwegian Cruise Line (NYSE:NCLH) Now Covered by BNP Paribas

BNP Paribas initiated coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage issued a neutral rating and a $21.00 price target on the stock.

NCLH has been the subject of several other reports. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Bank of America cut their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Macquarie raised their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Finally, Morgan Stanley raised shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $27.00 to $22.00 in a research note on Friday, March 21st. Nine equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.47.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $19.89 on Thursday. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year 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. The business has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $24.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Capital International Investors grew its stake in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Norges Bank acquired a new position in Norwegian Cruise Line during the 4th quarter valued at $113,156,000. Two Sigma Advisers LP boosted its holdings in Norwegian Cruise Line by 99.0% in the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after purchasing an additional 3,824,600 shares during the period. Voloridge Investment Management LLC grew its position in Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock worth $86,828,000 after purchasing an additional 3,278,249 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock worth $143,502,000 after purchasing an additional 2,959,631 shares during the period. 69.58% of the stock is owned by institutional investors.

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.