Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by 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 released on Monday morning, MarketBeat reports. They currently have $30.00 price objective on the stock.

Several other brokerages also recently issued reports on NCLH. Tigress Financial reiterated a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Bank of America cut their target price on 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. 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. Macquarie upped their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Loop Capital started coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $20.03 on Monday. 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 50 day simple moving average of $24.97 and a 200-day simple moving average of $24.25. The company has a market cap of $8.81 billion, a PE ratio of 18.37, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line has a 12-month low of $14.69 and a 12-month high of $29.29.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors increased its stake in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. increased its stake 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 worth $1,371,596,000 after acquiring an additional 277,360 shares during the last quarter. State Street Corp increased 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 buying an additional 270,434 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position 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 worth $197,843,000 after buying 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.