Norwegian Cruise Line (NYSE:NCLH) Upgraded at Loop Capital

Norwegian Cruise Line (NYSE:NCLH) was upgraded by research analysts at Loop Capital from a “hold” rating to a “buy” rating in a research note issued on Monday,Benzinga reports. The brokerage presently has a $25.00 target price on the stock. Loop Capital’s target price would indicate a potential upside of 52.58% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Macquarie increased their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Wells Fargo & Company upped their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Citigroup upped their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average target price of $28.22.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $16.39 on Monday. The stock has a 50-day moving average of $20.32 and a 200 day moving average of $23.99. Norwegian Cruise Line has a one year low of $14.21 and a one year high of $29.29. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Institutional Investors Weigh In On Norwegian Cruise Line

Large investors have recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. raised its stake in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. 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.