The Goldman Sachs Group upgraded shares of Norwegian Cruise Line (NYSE:NCLH - Free Report) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat.com reports. They currently have $35.00 price target on the stock, up from their prior price target of $29.00.
Other equities research analysts also recently issued reports about the stock. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Mizuho increased their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, November 1st. UBS Group lifted their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped 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, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $28.67.
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Norwegian Cruise Line Price Performance
Norwegian Cruise Line stock traded up $0.44 during mid-day trading on Tuesday, reaching $26.40. The company had a trading volume of 13,393,422 shares, compared to its average volume of 12,664,207. The business has a fifty day simple moving average of $25.01 and a 200 day simple moving average of $20.42. The company has a market cap of $11.61 billion, a P/E ratio of 23.78, a P/E/G 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. Norwegian Cruise Line has a fifty-two week low of $14.69 and a fifty-two week high of $28.64.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data 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 business 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%. During the same quarter in the previous year, the company posted $0.71 EPS. Norwegian Cruise Line's quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Norwegian Cruise Line will post 1.51 earnings per share for the current year.
Insider Buying and Selling at Norwegian Cruise Line
In other Norwegian Cruise Line news, CFO Mark Kempa sold 15,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the completion of the sale, the chief financial officer now owns 253,386 shares in the company, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Faye L. Ashby sold 38,344 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $27.30, for a total transaction of $1,046,791.20. Following the completion of the transaction, the chief accounting officer now directly owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 24.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,344 shares of company stock valued at $2,269,731. Corporate insiders own 0.52% of the company's stock.
Institutional Trading of Norwegian Cruise Line
Institutional investors and hedge funds have recently modified their holdings of the stock. Prestige Wealth Management Group LLC lifted its position in shares of Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Avior Wealth Management LLC increased 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 valued at $35,000 after buying an additional 429 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $39,000. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 1,817 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Norwegian Cruise Line in the third quarter valued at approximately $56,000. 69.58% of the stock is owned by hedge funds and other institutional investors.
Norwegian Cruise Line Company Profile
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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.
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