Melius Research Upgrades Norwegian Cruise Line (NYSE:NCLH) to "Strong-Buy"

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by analysts at Melius Research to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on NCLH. BNP Paribas began coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They set a "neutral" rating and a $21.00 price objective for the company. Barclays decreased their target price on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday. The Goldman Sachs Group dropped their price target on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday. Citigroup boosted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Macquarie raised their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.94.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $17.03 on Monday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The business's fifty day moving average price is $19.74 and its 200 day moving average price is $23.86. The stock has a market capitalization of $7.49 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently modified their holdings of the stock. Tidal Investments LLC increased its stake in Norwegian Cruise Line by 7.1% in the 3rd quarter. Tidal Investments LLC now owns 28,425 shares of the company's stock worth $583,000 after purchasing an additional 1,890 shares in the last quarter. Synovus Financial Corp increased its position in shares of Norwegian Cruise Line by 7.4% in the third quarter. Synovus Financial Corp now owns 88,208 shares of the company's stock worth $1,809,000 after acquiring an additional 6,072 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Norwegian Cruise Line by 0.9% during the third quarter. Retirement Systems of Alabama now owns 95,480 shares of the company's stock valued at $1,958,000 after acquiring an additional 841 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Norwegian Cruise Line by 6.2% during the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock valued at $10,544,000 after acquiring an additional 30,182 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Norwegian Cruise Line by 17.0% in the 4th quarter. GAMMA Investing LLC now owns 14,268 shares of the company's stock valued at $367,000 after acquiring an additional 2,075 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.

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