Norwegian Cruise Line (NYSE:NCLH) Rating Increased to Overweight at Barclays

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) 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 reports. The firm presently has a $32.00 price target on the stock, up from their prior price target of $28.00. Barclays's target price suggests a potential upside of 19.40% from the company's current price.

Several other analysts have also issued reports on NCLH. Wells Fargo & Company lifted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. UBS Group raised their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Finally, Tigress Financial boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.93.

Norwegian Cruise Line Price Performance

NYSE NCLH traded down $0.01 during trading hours on Friday, reaching $26.80. The company's stock had a trading volume of 7,098,360 shares, compared to its average volume of 12,613,189. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 0.31 and a beta of 2.65. The company's 50-day moving average is $25.44 and its two-hundred day moving average is $20.59. 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.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company posted $0.71 EPS. The business's quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts predict that Norwegian Cruise Line will post 1.51 EPS for the current year.

Insider Activity

In related news, CAO Faye L. Ashby sold 38,344 shares of the business's stock in a transaction dated 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 in the company, valued at $3,174,171. The trade was a 24.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now directly owns 97,304 shares of the company's stock, valued at $2,701,159.04. The trade was a 22.96 % 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 valued at $2,269,731 in the last ninety days. 0.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC lifted its stake in shares of Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock worth $25,000 after acquiring an additional 800 shares during the period. Avior Wealth Management LLC raised its holdings in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the second quarter valued at about $39,000. Blue Trust Inc. boosted its holdings in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $56,000. 69.58% of the stock is currently 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.