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 research note released on Friday morning, Marketbeat reports. They currently have $22.00 price objective on the stock, down from their previous price objective of $27.00.

A number of other equities research analysts have also issued reports on NCLH. Bank of America reduced their target price 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. Tigress Financial reaffirmed a “strong-buy” rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Monday, March 17th. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $32.00 in a report on Friday, December 13th. Finally, Macquarie boosted their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Price Performance

NCLH stock opened at $20.44 on Friday. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year 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 stock’s 50 day moving average price is $24.49 and its 200 day moving average price is $24.22. The firm has a market cap of $8.99 billion, a P/E ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors increased its holdings in shares of Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after buying an additional 277,360 shares during the last quarter. State Street Corp increased its holdings in shares of Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after buying an additional 621,793 shares during the last quarter. Geode Capital Management LLC boosted its position in Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock worth $277,399,000 after purchasing an additional 270,434 shares during the period. Finally, Two Sigma Advisers LP raised its position in Norwegian Cruise Line by 99.0% in the fourth 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 period. 69.58% of the stock is currently 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.