Norwegian Cruise Line (NCLH) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Norwegian Cruise Line (NYSE: NCLH):

• 12/17/2024 – Norwegian Cruise Line had its price target raised by analysts at JPMorgan Chase & Co. from $29.00 to $30.00. They now have a “neutral” rating on the stock.
• 12/13/2024 – Norwegian Cruise Line was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $32.00 price target on the stock, up previously from $28.00.
• 12/10/2024 – Norwegian Cruise Line was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $35.00 price target on the stock, up previously from $29.00.
• 12/2/2024 – Norwegian Cruise Line had its price target raised by analysts at Truist Financial Co. from $25.00 to $35.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Norwegian Cruise Line had its price target raised by analysts at Bank of America Co. from $26.00 to $29.00. They now have a “neutral” rating on the stock.
• 11/12/2024 – Norwegian Cruise Line had its price target raised by analysts at Morgan Stanley from $19.00 to $26.00. They now have an “underweight” rating on the stock.
• 11/11/2024 – Norwegian Cruise Line had its price target raised by analysts at Tigress Financial from $32.00 to $36.00. They now have a “strong-buy” rating on the stock.
• 11/7/2024 – Norwegian Cruise Line had its price target raised by analysts at UBS Group AG from $19.00 to $29.00. They now have a “neutral” rating on the stock.
• 11/7/2024 – Norwegian Cruise Line was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/4/2024 – Norwegian Cruise Line was upgraded by analysts at Argus from a “hold” rating to a “buy” rating.
• 11/1/2024 – Norwegian Cruise Line had its price target raised by analysts at Mizuho from $26.00 to $28.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Norwegian Cruise Line had its price target raised by analysts at Macquarie from $24.00 to $30.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Norwegian Cruise Line had its price target raised by analysts at The Goldman Sachs Group, Inc. from $24.00 to $29.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Norwegian Cruise Line had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $21.00 to $24.00. They now have a “hold” rating on the stock.
• 11/1/2024 – Norwegian Cruise Line had its price target raised by analysts at Barclays PLC from $26.00 to $28.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Norwegian Cruise Line had its price target raised by analysts at Wells Fargo & Company from $21.00 to $27.00. They now have an “equal weight” rating on the stock.
• 10/30/2024 – Norwegian Cruise Line had its price target raised by analysts at Morgan Stanley from $17.50 to $19.00. They now have an “underweight” rating on the stock.
• 10/30/2024 – Norwegian Cruise Line was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/22/2024 – Norwegian Cruise Line had its price target raised by analysts at Barclays PLC from $21.00 to $26.00. They now have an “equal weight” rating on the stock.
• 10/20/2024 – Norwegian Cruise Line was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Norwegian Cruise Line Trading Up 1.2 %

Shares of NYSE:NCLH traded up $0.31 during trading on Thursday, hitting $25.41. 9,231,497 shares of the company’s stock were exchanged, compared to its average volume of 12,538,736. The firm has a 50-day moving average price of $25.85 and a two-hundred day moving average price of $20.89. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $28.64. The firm has a market cap of $11.17 billion, a P/E ratio of 23.31, a PEG ratio of 0.30 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 (NYSE:NCLH) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current year.

Insiders Place Their Bets

In related 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 value of $417,900.00. Following the sale, the chief financial officer now directly owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. The trade was a 5.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Faye L. Ashby sold 38,344 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $27.30, for a total value of $1,046,791.20. Following the completion of the sale, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $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 have sold 82,344 shares of company stock worth $2,269,731. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NCLH. Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth about $179,146,000. Two Sigma Advisers LP increased its position in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after buying an additional 3,464,100 shares during the last quarter. Columbus Hill Capital Management L.P. bought a new stake in Norwegian Cruise Line in the second quarter valued at approximately $23,479,000. Dimensional Fund Advisors LP lifted its position in shares of Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after buying an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $15,213,000. 69.58% of the stock is owned by institutional investors and hedge funds.

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.