Norwegian Cruise Line (NYSE:NCLH) Now Covered by Northcoast Research

Stock analysts at Northcoast Research initiated coverage on shares of Norwegian Cruise Line (NYSE:NCLH - Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $21.00 price target on the stock. Northcoast Research's price objective points to a potential upside of 32.08% from the company's current price.

Several other research analysts have also commented on NCLH. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Stifel Nicolaus reduced their price objective on shares of Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Melius Research upgraded shares of Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They set a "buy" rating and a $25.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $26.63.

Norwegian Cruise Line Stock Down 8.5 %

Shares of NYSE NCLH traded down $1.48 during trading hours on Friday, hitting $15.90. 21,622,141 shares of the stock were exchanged, compared to its average volume of 12,853,498. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market cap of $7.00 billion, a PE ratio of 14.59, a PEG ratio of 0.24 and a beta of 2.27. The firm has a fifty day moving average price of $19.00 and a 200-day moving average price of $23.74. Norwegian Cruise Line has a 12 month low of $14.21 and a 12 month high of $29.29.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently modified their holdings of NCLH. Hopwood Financial Services Inc. purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line in the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter worth about $27,000. Rakuten Securities Inc. raised its holdings 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 during the period. Finally, R Squared Ltd acquired a new position in Norwegian Cruise Line in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

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.