Norwegian Cruise Line (NYSE:NCLH) Upgraded to "Equal Weight" at Morgan Stanley

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) was upgraded by research analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research report issued on Friday, Marketbeat reports. The firm currently has a $22.00 target price on the stock, down from their previous target price of $27.00. Morgan Stanley's price target points to a potential upside of 7.11% from the company's previous close.

NCLH has been the subject of a number of other research reports. Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Truist Financial upped their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Citigroup lifted their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Macquarie upped their price objective 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 research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and a consensus price target of $28.94.

Remove Ads

Norwegian Cruise Line Stock Up 0.7 %

Shares of NYSE NCLH traded up $0.14 during trading on Friday, reaching $20.54. 5,815,208 shares of the stock were exchanged, compared to its average volume of 12,081,041. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $29.29. The business's 50-day moving average price is $24.49 and its 200 day moving average price is $24.32. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake 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 valued at $383,000 after acquiring an additional 7,846 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Norwegian Cruise Line by 152.8% in the third quarter. Natixis Advisors LLC now owns 125,195 shares of the company's stock valued at $2,568,000 after acquiring an additional 75,678 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake 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 valued at $944,000 after purchasing an additional 509 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 2.1% in the third quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company's stock valued at $2,026,000 after buying an additional 2,063 shares during the period. Finally, Avior Wealth Management LLC increased its holdings 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 valued at $35,000 after buying an additional 429 shares in the last quarter. Institutional investors 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.