Norwegian Cruise Line (NYSE:NCLH) Stock Rating Upgraded by Barclays

Norwegian Cruise Line (NYSE:NCLH) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a $32.00 price objective on the stock, up from their prior price objective of $28.00. Barclays‘s target price would indicate a potential upside of 19.40% from the company’s previous close.

NCLH has been the subject of several other reports. Macquarie boosted their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America upped their price target on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Tigress Financial increased their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, UBS Group increased their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.93.

Norwegian Cruise Line Trading Down 0.0 %

Shares of NCLH opened at $26.80 on Friday. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $28.64. The firm has a market capitalization of $11.78 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 0.31 and a beta of 2.65. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock’s fifty day simple moving average is $25.56 and its 200 day simple moving average is $20.69.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $0.71 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Norwegian Cruise Line

In other news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now owns 97,304 shares in the company, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the transaction, the chief financial officer now owns 253,386 shares of the company’s stock, valued at $7,059,333.96. This trade represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock worth $2,269,731 in the last 90 days. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of NCLH. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Norwegian Cruise Line by 326.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 44,236 shares of the company’s stock valued at $831,000 after acquiring an additional 33,866 shares in the last quarter. Raymond James & Associates increased its stake in Norwegian Cruise Line by 1.2% during the second quarter. Raymond James & Associates now owns 92,813 shares of the company’s stock valued at $1,744,000 after purchasing an additional 1,089 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Norwegian Cruise Line by 2.7% during the second quarter. Nisa Investment Advisors LLC now owns 88,636 shares of the company’s stock worth $1,665,000 after purchasing an additional 2,353 shares during the period. Fifth Third Bancorp lifted its position in shares of Norwegian Cruise Line by 5.6% in the 2nd quarter. Fifth Third Bancorp now owns 42,301 shares of the company’s stock worth $795,000 after buying an additional 2,262 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at about $1,109,000. Institutional investors and hedge funds 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.