Norwegian Cruise Line (NYSE:NCLH) Upgraded by Loop Capital to “Buy” Rating

Loop Capital upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a hold rating to a buy rating in a report published on Monday, MarketBeat Ratings reports. Loop Capital currently has $25.00 target price on the stock.

Several other research analysts also recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Norwegian Cruise Line from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company boosted 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. Morgan Stanley reduced their price objective on Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 target price on the stock. Finally, BNP Paribas assumed coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target for the company. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.94.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $17.03 on Monday. Norwegian Cruise Line has a 1 year low of $14.21 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 firm has a market cap of $7.49 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 0.24 and a beta of 2.27. The stock’s 50-day moving average is $19.74 and its two-hundred day moving average is $23.86.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $27,000. Stonebridge Financial Group LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $27,000. Rakuten Securities Inc. increased its position 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 valued at $30,000 after buying an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $31,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.