Norwegian Cruise Line (NYSE:NCLH) Raised to “Overweight” at Barclays

Norwegian Cruise Line (NYSE:NCLH) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $32.00 price objective on the stock, up from their previous price objective of $28.00. Barclays‘s price target would indicate a potential upside of 19.36% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Macquarie boosted their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Tigress Financial raised their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley boosted their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One investment 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, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average target price of $28.93.

Norwegian Cruise Line Stock Down 2.5 %

Shares of NCLH opened at $26.81 on Friday. The firm has a market cap of $11.79 billion, a P/E ratio of 24.60, a PEG ratio of 0.31 and a beta of 2.65. Norwegian Cruise Line has a 12 month low of $14.69 and a 12 month high of $28.64. The stock’s 50 day moving average is $25.44 and its two-hundred day moving average is $20.59. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

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. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Analysts predict that Norwegian Cruise Line will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of Norwegian Cruise Line 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 owns 253,386 shares in the company, valued at $7,059,333.96. The trade was a 5.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,344 shares of company stock worth $2,269,731 in the last ninety days. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Several large investors have recently made changes to their positions in the stock. Avior Wealth Management LLC boosted its holdings in Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after purchasing an additional 509 shares during the period. Mount Lucas Management LP boosted its stake in shares of Norwegian Cruise Line by 2.4% in the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after purchasing an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after purchasing an additional 521 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.