Norwegian Cruise Line (NYSE:NCLH) Upgraded 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 report published on Friday morning, MarketBeat reports. They currently have $22.00 target price on the stock, down from their prior target price of $27.00.

A number of other analysts have also issued reports on the company. Bank of America lowered their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a research note on Thursday, January 23rd. Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Monday, March 17th. Finally, Wells Fargo & Company boosted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $20.44 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business’s 50 day moving average price is $24.49 and its 200-day moving average price is $24.32. The firm has a market capitalization of $8.99 billion, a PE ratio of 18.76, 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.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently modified their holdings of the business. Prestige Wealth Management Group LLC raised its holdings in shares of Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares during the period. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $27,000. Finally, Rakuten Securities Inc. raised its holdings in shares of 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 period. Institutional investors and hedge funds 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.