Bank of America Raises Norwegian Cruise Line (NYSE:NCLH) Price Target to $30.00

Norwegian Cruise Line (NYSE:NCLH) had its target price raised by Bank of America from $25.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s price objective indicates a potential upside of 23.94% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Research downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Susquehanna lowered their price target on Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Barclays cut their price objective on shares of Norwegian Cruise Line from $28.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of Norwegian Cruise Line from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Norwegian Cruise Line in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.53.

Norwegian Cruise Line Stock Down 1.3%

NYSE:NCLH traded down $0.33 during mid-day trading on Monday, hitting $24.21. 8,247,300 shares of the company’s stock were exchanged, compared to its average volume of 14,567,684. The company has a market cap of $11.02 billion, a PE ratio of 17.80, a P/E/G ratio of 0.60 and a beta of 2.07. The company has a debt-to-equity ratio of 6.22, a current ratio of 0.19 and a quick ratio of 0.17. Norwegian Cruise Line has a one year low of $14.21 and a one year high of $29.29. The business has a fifty day moving average price of $20.41 and a 200 day moving average price of $22.68.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Norwegian Cruise Line had a net margin of 6.85% and a return on equity of 55.51%. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 2.100-2.100 EPS. Equities analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current year.

Insiders Place Their Bets

In other news, Director Stella David bought 6,986 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $18.59 per share, for a total transaction of $129,869.74. Following the purchase, the director owned 103,474 shares in the company, valued at $1,923,581.66. This represents a 7.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Zillah Byng-Thorne bought 29,008 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $18.11 per share, with a total value of $525,334.88. Following the acquisition, the director directly owned 66,017 shares in the company, valued at $1,195,567.87. This trade represents a 78.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 90,029 shares of company stock valued at $1,663,575. Insiders own 0.41% of the company’s stock.

Institutional Trading of Norwegian Cruise Line

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCLH. Integrated Wealth Concepts LLC grew its position in Norwegian Cruise Line by 26.7% in the first quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock worth $439,000 after acquiring an additional 4,872 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Norwegian Cruise Line by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after purchasing an additional 2,002 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Norwegian Cruise Line by 40.7% in the 1st quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock worth $704,000 after purchasing an additional 10,743 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Norwegian Cruise Line by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,536,708 shares of the company’s stock valued at $29,136,000 after purchasing an additional 92,772 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at $895,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.