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

Norwegian Cruise Line (NYSE:NCLH) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a $32.00 price target on the stock, up from their prior price target of $28.00. Barclays‘s price target points to a potential upside of 19.40% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. UBS Group boosted their price target on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Truist Financial increased their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus target price of $28.93.

Norwegian Cruise Line Stock Down 0.0 %

Shares of NCLH opened at $26.80 on Friday. The company’s 50-day moving average price is $25.56 and its 200 day moving average price is $20.69. Norwegian Cruise Line has a 12-month low of $14.69 and a 12-month high of $28.64. 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 firm has a market cap 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.

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

Insider Activity

In other news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.86, for a total value of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now owns 116,270 shares of the company’s stock, valued at approximately $3,174,171. This represents a 24.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 over the last ninety days. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after acquiring an additional 621,793 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.6% during the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock worth $215,481,000 after purchasing an additional 261,925 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Norwegian Cruise Line in the third quarter valued at $179,146,000. Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after buying an additional 3,464,100 shares during the period. Hedge funds and other 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.