Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line (NYSE:NCLH - Free Report) from a neutral rating to an overweight rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $30.00 price target on the stock.

Several other analysts have also issued reports on NCLH. Truist Financial boosted their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Loop Capital initiated coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a "hold" rating and a $26.00 price objective on the stock. Citigroup increased their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Macquarie lifted their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Finally, Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.94.

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Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded up $0.35 on Monday, hitting $20.44. 19,955,995 shares of the company's stock were exchanged, compared to its average volume of 12,142,678. Norwegian Cruise Line has a 1 year low of $14.69 and a 1 year high of $29.29. The company has a 50-day simple moving average of $24.60 and a 200-day simple moving average of $24.20. 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 stock has a market capitalization of $8.99 billion, a PE ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently added to or reduced their stakes in NCLH. Prestige Wealth Management Group LLC grew its holdings in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $27,000. Finally, Rakuten Securities Inc. raised its position in shares of Norwegian Cruise Line by 176.0% during the 4th 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. 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.