Barclays Upgrades Norwegian Cruise Line (NYSE:NCLH) to Overweight

Barclays upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from an equal weight rating to an overweight rating in a research note published on Friday morning, MarketBeat Ratings reports. Barclays currently has $32.00 target price on the stock, up from their prior target price of $28.00.

Other equities analysts have also recently issued research reports about the stock. Mizuho boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Truist Financial lifted their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus upped their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.93.

Norwegian Cruise Line Trading Down 0.0 %

Shares of NCLH stock opened at $26.80 on Friday. The business has a 50-day moving average of $25.56 and a 200 day moving average of $20.72. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line has a 1-year low of $14.69 and a 1-year high of $28.64. The stock has a market capitalization of $11.78 billion, a PE ratio of 24.59, a P/E/G ratio of 0.31 and a beta of 2.65.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating 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 firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction that occurred 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 owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 5.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of Norwegian Cruise Line stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total value of $805,040.00. Following the transaction, the insider now owns 97,304 shares of the company’s stock, valued at $2,701,159.04. The trade was a 22.96 % decrease in their position. 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 three months. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of Norwegian Cruise Line

Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. bought a new position in shares of Norwegian Cruise Line during the third quarter valued at $179,146,000. Two Sigma Advisers LP boosted its holdings in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after acquiring an additional 3,464,100 shares during the last quarter. Columbus Hill Capital Management L.P. purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $23,479,000. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $85,835,000 after acquiring an additional 1,129,770 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Norwegian Cruise Line during the second quarter valued at approximately $15,213,000. 69.58% of the stock is 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.