Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by Loop Capital

Loop Capital upgraded shares of Norwegian Cruise Line (NYSE:NCLH - Free Report) from a hold rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat reports. Loop Capital currently has $25.00 price target on the stock.

NCLH has been the subject of several other research reports. Citigroup lifted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Stifel Nicolaus dropped their target price on shares of Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group initiated coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a "buy" rating and a $25.00 price target on the stock. Bank of America decreased their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.63.

Norwegian Cruise Line Trading Up 0.5 %

Shares of NCLH traded up $0.09 during trading hours on Monday, hitting $17.24. 10,176,618 shares of the stock traded hands, compared to its average volume of 12,764,397. The business has a fifty day moving average of $19.56 and a 200-day moving average of $23.84. 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 firm has a market capitalization of $7.58 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29.

Hedge Funds Weigh In On Norwegian Cruise Line

Hedge funds have recently made changes to their positions in the business. United Capital Financial Advisors LLC boosted its stake in shares of Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after acquiring an additional 498 shares during the period. Scotia Capital Inc. lifted its holdings in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock valued at $2,928,000 after purchasing an additional 540 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Norwegian Cruise Line by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock worth $65,000 after purchasing an additional 654 shares during the period. Rakuten Securities Inc. increased its holdings 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 purchasing an additional 739 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Norwegian Cruise Line by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after purchasing an additional 754 shares during the period. 69.58% of the stock is owned by institutional investors.

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.