JPMorgan Chase & Co. Upgrades Norwegian Cruise Line (NYSE:NCLH) to “Overweight”

Norwegian Cruise Line (NYSE:NCLH) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Monday, Marketbeat Ratings reports. The firm currently has a $30.00 price objective on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 56.18% from the stock’s previous close.

Other analysts have also issued reports about the stock. Citigroup increased their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Bank of America cut their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. 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. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Stock Up 3.7 %

Shares of NYSE NCLH opened at $19.21 on Monday. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.24 and a beta of 2.62. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm’s fifty day moving average is $25.08 and its 200 day moving average is $24.24. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $29.29.

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prestige Wealth Management Group LLC grew its stake in shares of Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares during the period. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line in the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Norwegian Cruise Line during the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.