Norwegian Cruise Line (NYSE:NCLH) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Free Report) in a report issued on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $25.00 price target on the stock.

Several other equities research analysts also recently issued reports on NCLH. Tigress Financial reaffirmed a "strong-buy" rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Truist Financial lifted their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Barclays raised Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. BNP Paribas started coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price on the stock. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.28.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH traded down $2.55 during trading hours on Monday, hitting $16.95. 15,565,451 shares of the stock were exchanged, compared to its average volume of 12,361,087. The firm has a market capitalization of $7.46 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $29.29. 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 company's 50 day moving average is $23.42 and its 200 day moving average is $24.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NCLH. Hopwood Financial Services Inc. acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Rakuten Securities Inc. raised its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line in the 4th quarter valued at about $31,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.