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

Stock analysts at Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a research note issued to investors on Monday,Benzinga reports. The brokerage 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 30.45% from the company’s previous close.

NCLH has been the topic of several other reports. Tigress Financial reiterated a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Morgan Stanley raised Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $22.00 in a research report on Friday, March 21st. Citigroup increased their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Finally, BNP Paribas started coverage on shares of Norwegian Cruise Line in a research report on Thursday. They issued a “neutral” rating and a $21.00 price target for the company. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $19.17 on Monday. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $29.29. The company has a 50-day moving average of $23.88 and a two-hundred day moving average of $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. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Investors Weigh In On Norwegian Cruise Line

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