Norwegian Cruise Line (NYSE:NCLH) Hits New 12-Month High Following Analyst Upgrade

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price hit a new 52-week high during trading on Tuesday after Bank of America raised their price target on the stock from $26.00 to $29.00. Bank of America currently has a neutral rating on the stock. Norwegian Cruise Line traded as high as $27.93 and last traded at $27.88, with a volume of 1318006 shares traded. The stock had previously closed at $27.82.

Several other equities analysts have also weighed in on NCLH. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” 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. Macquarie raised their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Hold” and a consensus price target of $27.60.

Insiders Place Their Bets

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Mark Kempa sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total value of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares in the company, valued at $7,059,333.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the sale, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,344 shares of company stock valued at $2,269,731. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Norwegian Cruise Line

Large investors have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at $27,000. Avior Wealth Management LLC boosted its stake in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares during the period. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line in the 2nd quarter worth $39,000. Blue Trust Inc. boosted its stake in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Norwegian Cruise Line in the 3rd quarter worth $56,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 0.29 and a beta of 2.67. 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 50 day moving average is $22.15 and its two-hundred day moving average is $19.01.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

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.