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

Norwegian Cruise Line (NYSE:NCLH) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Friday, MarketBeat reports. The firm presently has a $22.00 price objective on the stock, down from their previous price objective of $27.00. Morgan Stanley’s price objective would indicate a potential upside of 9.49% from the company’s current price.

A number of other research firms also recently weighed in on NCLH. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Monday. Truist Financial upped their target price 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. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Finally, Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.94.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $20.09 on Friday. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market capitalization of $8.84 billion, a PE ratio of 18.44, a PEG ratio of 0.24 and a beta of 2.62. The company’s 50 day moving average price is $24.60 and its 200 day moving average price is $24.20.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds and other institutional investors have recently made changes to their positions in the business. 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 purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. boosted its position in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after acquiring an additional 277,360 shares during the period. State Street Corp grew its stake in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after acquiring an additional 621,793 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $277,399,000 after acquiring an additional 270,434 shares during the period. Finally, Two Sigma Advisers LP raised its stake in Norwegian Cruise Line by 99.0% during the 4th 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 during the last quarter. 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.