Norwegian Cruise Line (NYSE:NCLH) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Norwegian Cruise Line (NYSE:NCLH) from a neutral rating to a buy rating in a report issued on Tuesday morning, Marketbeat reports. The Goldman Sachs Group currently has $35.00 price objective on the stock, up from their prior price objective of $29.00.

Several other research analysts also recently commented on the stock. Tigress Financial increased 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. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Truist Financial upped their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.67.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $26.81 on Tuesday. The stock has a 50-day moving average price of $25.44 and a 200 day moving average price of $20.59. The stock has a market capitalization of $11.79 billion, a P/E ratio of 24.60, a P/E/G 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 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 data on Thursday, October 31st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts forecast that Norwegian Cruise Line will post 1.51 EPS for the current fiscal year.

Insider Transactions 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 dated 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 directly owns 253,386 shares of the company’s stock, valued at $7,059,333.96. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the completion of the transaction, the insider now owns 97,304 shares in the company, valued at $2,701,159.04. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,344 shares of company stock worth $2,269,731. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of Norwegian Cruise Line

A number of large investors have recently modified their holdings of the company. Retirement Systems of Alabama lifted its holdings in shares of Norwegian Cruise Line by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 95,480 shares of the company’s stock worth $1,958,000 after buying an additional 841 shares during the period. Synovus Financial Corp lifted its stake in Norwegian Cruise Line by 7.4% in the third quarter. Synovus Financial Corp now owns 88,208 shares of the company’s stock worth $1,809,000 after acquiring an additional 6,072 shares during the period. Tidal Investments LLC grew its holdings in Norwegian Cruise Line by 7.1% during the 3rd quarter. Tidal Investments LLC now owns 28,425 shares of the company’s stock worth $583,000 after acquiring an additional 1,890 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Norwegian Cruise Line by 6.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 13,910 shares of the company’s stock valued at $290,000 after purchasing an additional 868 shares during the period. Finally, First Dallas Securities Inc. raised its holdings in shares of Norwegian Cruise Line by 3.3% in the 3rd quarter. First Dallas Securities Inc. now owns 57,300 shares of the company’s stock valued at $1,175,000 after purchasing an additional 1,850 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.