Norwegian Cruise Line (NYSE:NCLH) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from an underweight rating to an equal weight rating in a report released on Friday, MarketBeat.com reports. Morgan Stanley currently has $22.00 price target on the stock, down from their previous price target of $27.00.

A number of other equities research analysts also recently weighed in on NCLH. 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. Bank of America lowered their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Finally, Wells Fargo & Company raised their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.94.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $20.44 on Friday. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $29.29. The stock’s 50-day moving average is $24.49 and its 200 day moving average is $24.32. The company has a market cap of $8.99 billion, a P/E ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Capital International Investors increased its position in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after buying an additional 5,557,951 shares in the last quarter. Norges Bank purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $113,156,000. Two Sigma Advisers LP increased its position in shares of Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after buying an additional 3,824,600 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock valued at $86,828,000 after buying an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after buying an additional 2,959,631 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other 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.