Norwegian Cruise Line (NYSE:NCLH) Earns Neutral Rating from Analysts at BNP Paribas

Research analysts at BNP Paribas started coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Get Free Report) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $21.00 price target on the stock. BNP Paribas' price target would indicate a potential upside of 9.57% from the company's previous close.

NCLH has been the subject of several other research reports. Wells Fargo & Company lifted their price target 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. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Loop Capital began coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a "hold" rating and a $26.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.47.

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Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded down $0.73 during mid-day trading on Thursday, reaching $19.17. The company had a trading volume of 9,882,252 shares, compared to its average volume of 12,359,425. The company has a market capitalization of $8.43 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.24 and a beta of 2.62. 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's 50-day simple moving average is $23.88 and its 200-day simple moving average is $24.36. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year high of $29.29.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Investors boosted its stake in Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Norges Bank bought a new position in Norwegian Cruise Line during the 4th quarter worth approximately $113,156,000. Two Sigma Advisers LP increased its holdings in shares of 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 acquiring an additional 3,824,600 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of 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 valued at $86,828,000 after acquiring an additional 3,278,249 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Norwegian Cruise Line by 113.1% during the fourth 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 last quarter. 69.58% of the stock is owned by hedge funds and other 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.