Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $30.00

Norwegian Cruise Line (NYSE:NCLH) had its price objective increased by Bank of America from $25.00 to $30.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and dropped their price target for the stock from $26.00 to $20.00 in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Norwegian Cruise Line in a research note on Wednesday, October 8th. Zacks Research downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial cut their price objective on Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Finally, Barclays decreased their target price on Norwegian Cruise Line from $28.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus price target of $27.68.

Norwegian Cruise Line Price Performance

NCLH opened at $23.04 on Monday. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29. The company’s 50 day simple moving average is $20.64 and its 200 day simple moving average is $22.74. The stock has a market capitalization of $10.49 billion, a PE ratio of 16.94, a P/E/G ratio of 0.59 and a beta of 2.07. The company has a debt-to-equity ratio of 6.22, a quick ratio of 0.17 and a current ratio of 0.19.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly 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. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Norwegian Cruise Line had a net margin of 6.85% and a return on equity of 55.51%. 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. As a group, sell-side analysts expect that Norwegian Cruise Line will post 1.48 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In related news, CEO Harry Sommer acquired 25,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $18.52 per share, for a total transaction of $463,000.00. Following the acquisition, the chief executive officer owned 720,728 shares in the company, valued at approximately $13,347,882.56. This represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry C. Curtis bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $19.25 per share, with a total value of $96,250.00. Following the transaction, the director owned 50,325 shares of the company’s stock, valued at $968,756.25. This trade represents a 11.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 90,029 shares of company stock worth $1,663,575. 0.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital International Investors grew its stake in shares of Norwegian Cruise Line by 0.9% in the 3rd quarter. Capital International Investors now owns 52,448,740 shares of the company’s stock valued at $1,291,812,000 after buying an additional 449,142 shares in the last quarter. State Street Corp lifted its stake in Norwegian Cruise Line by 3.3% in the second quarter. State Street Corp now owns 16,299,409 shares of the company’s stock valued at $330,552,000 after acquiring an additional 524,239 shares during the last quarter. Ariel Investments LLC grew its position in Norwegian Cruise Line by 36.2% in the second quarter. Ariel Investments LLC now owns 12,369,377 shares of the company’s stock worth $250,851,000 after acquiring an additional 3,288,207 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Norwegian Cruise Line by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 11,636,194 shares of the company’s stock worth $235,532,000 after purchasing an additional 370,064 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Norwegian Cruise Line by 6.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,606,640 shares of the company’s stock valued at $162,723,000 after purchasing an additional 391,482 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

About Norwegian Cruise Line

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.