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

JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a neutral rating to an overweight rating in a report issued on Monday, MarketBeat reports. JPMorgan Chase & Co. currently has $30.00 price target on the stock.

NCLH has been the topic of several other reports. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Citigroup raised their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line Trading Up 4.1 %

NCLH stock opened at $19.85 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 $14.69 and a 12 month high of $29.29. The firm’s 50-day moving average is $24.72 and its 200 day moving average is $24.23. The company has a market capitalization of $8.73 billion, a PE ratio of 18.21, a P/E/G ratio of 0.24 and a beta of 2.62.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors have recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line in the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth $27,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth $27,000. Rakuten Securities Inc. raised its position in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares during the period. Finally, R Squared Ltd acquired a new position in Norwegian Cruise Line during the fourth quarter worth $31,000. 69.58% of the stock is owned by hedge funds and other 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.