Norwegian Cruise Line (NYSE:NCLH) Upgraded at Barclays

Barclays upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from an equal weight rating to an overweight rating in a research report sent to investors on Friday, Marketbeat reports. Barclays currently has $32.00 price objective on the stock, up from their previous price objective of $28.00.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, UBS Group raised their price objective 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 analyst has rated the stock with a sell rating, seven have issued 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.93.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $26.80 on Friday. The firm has a market cap of $11.78 billion, a PE 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 has a 50-day moving average price of $25.56 and a 200-day moving average price of $20.72. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $28.64.

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

Insider Activity

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the firm’s 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line 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 of the company’s stock, valued at approximately $2,701,159.04. This trade represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,344 shares of company stock worth $2,269,731 over the last ninety days. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama grew its position in Norwegian Cruise Line by 0.9% in the third quarter. Retirement Systems of Alabama now owns 95,480 shares of the company’s stock worth $1,958,000 after acquiring an additional 841 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of Norwegian Cruise Line by 7.4% in the 3rd quarter. Synovus Financial Corp now owns 88,208 shares of the company’s stock worth $1,809,000 after purchasing an additional 6,072 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Norwegian Cruise Line by 7.1% in the 3rd quarter. Tidal Investments LLC now owns 28,425 shares of the company’s stock worth $583,000 after purchasing an additional 1,890 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Norwegian Cruise Line by 6.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 13,910 shares of the company’s stock valued at $290,000 after purchasing an additional 868 shares during the last quarter. Finally, First Dallas Securities Inc. raised its holdings in shares of Norwegian Cruise Line by 3.3% during the 3rd quarter. First Dallas Securities Inc. now owns 57,300 shares of the company’s stock valued at $1,175,000 after buying an additional 1,850 shares in the last quarter. 69.58% of the stock is currently owned by 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.