Norwegian Cruise Line (NYSE:NCLH) Rating Increased to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from an underweight rating to an equal weight rating in a research report released on Friday, MarketBeat.com reports. Morgan Stanley currently has $22.00 price target on the stock, down from their prior price target of $27.00.

Several other brokerages also recently weighed in on NCLH. Bank of America lowered their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company raised their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Tigress Financial restated a “strong-buy” rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Monday, March 17th. Finally, Loop Capital initiated coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price for the company. Eight investment analysts have rated the stock with 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, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Trading Up 1.8 %

NYSE:NCLH opened at $20.44 on Friday. The business’s 50-day moving average is $24.49 and its two-hundred day moving average is $24.22. 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 12 month low of $14.69 and a 12 month high of $29.29. The firm has a market capitalization of $8.99 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. GSA Capital Partners LLP boosted its stake in Norwegian Cruise Line by 72.5% in the third quarter. GSA Capital Partners LLP now owns 18,662 shares of the company’s stock valued at $383,000 after acquiring an additional 7,846 shares during the period. Natixis Advisors LLC boosted its stake in Norwegian Cruise Line by 152.8% in the third quarter. Natixis Advisors LLC now owns 125,195 shares of the company’s stock valued at $2,568,000 after acquiring an additional 75,678 shares during the period. Thrivent Financial for Lutherans boosted its stake in Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after acquiring an additional 509 shares during the period. PNC Financial Services Group Inc. boosted its stake in Norwegian Cruise Line by 2.1% in the third quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company’s stock valued at $2,026,000 after acquiring an additional 2,063 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares during the period. 69.58% of the stock is currently 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.