Norwegian Cruise Line (NYSE:NCLH) Upgraded by Morgan Stanley to Equal Weight Rating

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

Several other equities research analysts have also issued reports on NCLH. Citigroup boosted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Macquarie raised their price target 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. Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Loop Capital began coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 target price for the company. Finally, Tigress Financial reaffirmed 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. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Stock Performance

NCLH opened at $20.09 on Friday. The stock’s 50 day simple moving average is $24.60 and its 200-day simple moving average is $24.20. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a market cap of $8.84 billion, a PE ratio of 18.44, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year high of $29.29.

Institutional Investors Weigh In On Norwegian Cruise Line

Hedge funds have recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $27,000. Rakuten Securities Inc. boosted its position in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $31,000. 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.