Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by Morgan Stanley

Norwegian Cruise Line (NYSE:NCLH) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $22.00 price objective on the stock, down from their prior price objective of $27.00. Morgan Stanley’s price target indicates a potential upside of 7.61% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price on the stock. Bank of America lowered their price objective on shares of 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. Macquarie lifted their price objective 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. Finally, Wells Fargo & Company lifted their price objective on shares of 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 investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Stock Up 1.8 %

Norwegian Cruise Line stock opened at $20.44 on Friday. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62. 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 company’s 50-day moving average price is $24.49 and its two-hundred day moving average price is $24.27. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $29.29.

Institutional Investors Weigh In On Norwegian Cruise Line

Several large investors have recently made changes to their positions in NCLH. GSA Capital Partners LLP increased its position in Norwegian Cruise Line by 72.5% during the 3rd quarter. GSA Capital Partners LLP now owns 18,662 shares of the company’s stock worth $383,000 after buying an additional 7,846 shares during the period. Natixis Advisors LLC increased its position in Norwegian Cruise Line by 152.8% during the 3rd quarter. Natixis Advisors LLC now owns 125,195 shares of the company’s stock worth $2,568,000 after buying an additional 75,678 shares during the period. Thrivent Financial for Lutherans increased its position in Norwegian Cruise Line by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after buying an additional 509 shares during the period. PNC Financial Services Group Inc. increased its position in Norwegian Cruise Line by 2.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company’s stock worth $2,026,000 after buying an additional 2,063 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 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.