Norwegian Cruise Line (NYSE:NCLH) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a neutral rating to an overweight rating in a report published on Monday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $30.00 target price on the stock.

Several other research firms have also recently weighed in on NCLH. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Loop Capital began coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Macquarie lifted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Truist Financial lifted their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Stock Up 4.1 %

Shares of NYSE:NCLH opened at $19.85 on Monday. The firm has a fifty day moving average price of $24.72 and a two-hundred day moving average price of $24.23. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line has a one year low of $14.69 and a one year high of $29.29. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital International Investors increased its holdings in Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after acquiring an additional 277,360 shares during the last quarter. State Street Corp raised its stake in Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after purchasing an additional 621,793 shares in the last quarter. Geode Capital Management LLC raised its stake in Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after purchasing an additional 270,434 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Norwegian Cruise Line by 99.0% during the fourth 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 in 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.