Norwegian Cruise Line (NYSE:NCLH) Cut to Hold at Zacks Research

Zacks Research lowered shares of Norwegian Cruise Line (NYSE:NCLH) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

NCLH has been the topic of several other research reports. Morgan Stanley lowered their target price on shares of Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group raised their target price on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. Citigroup lifted their target price on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Truist Financial increased their price target on Norwegian Cruise Line from $27.00 to $31.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.26.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $18.95 on Monday. The stock’s 50 day simple moving average is $23.49 and its 200 day simple moving average is $21.93. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The stock has a market capitalization of $8.63 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.71 and a beta of 2.22.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Tuesday, November 4th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.03 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. Norwegian Cruise Line has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 2.100-2.100 EPS. As a group, research analysts forecast that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Harry C. Curtis acquired 5,000 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $19.25 per share, for a total transaction of $96,250.00. Following the purchase, the director directly owned 50,325 shares of the company’s stock, valued at approximately $968,756.25. This trade represents a 11.03% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Montague bought 13,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average cost of $18.81 per share, for a total transaction of $252,054.00. Following the completion of the acquisition, the insider owned 13,400 shares in the company, valued at $252,054. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 90,029 shares of company stock worth $1,663,575. Company insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MUFG Securities EMEA plc bought a new position in shares of Norwegian Cruise Line in the second quarter worth about $26,000. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line in the 2nd quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new position in Norwegian Cruise Line in the 1st quarter worth approximately $33,000. Laurel Wealth Advisors LLC grew its holdings in Norwegian Cruise Line by 1,928.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $41,000 after buying an additional 1,928 shares in the last quarter. Finally, Bogart Wealth LLC grew its holdings in Norwegian Cruise Line by 1,012.0% during the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company’s stock valued at $42,000 after buying an additional 2,024 shares in the last quarter. 69.58% of the stock is owned by 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.