Norwegian Cruise Line (NYSE:NCLH) Given New $30.00 Price Target at Bank of America

Norwegian Cruise Line (NYSE:NCLH) had its price target raised by Bank of America from $25.00 to $30.00 in a research report sent to investors on Monday,Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Mizuho lifted their target price on shares of Norwegian Cruise Line from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Morgan Stanley reduced 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 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. Wells Fargo & Company dropped their target price on Norwegian Cruise Line from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, December 1st. Finally, Truist Financial dropped their price objective on Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.53.

Norwegian Cruise Line Stock Down 0.7%

NCLH stock opened at $24.36 on Monday. The business’s 50-day moving average is $20.46 and its two-hundred day moving average is $22.71. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a debt-to-equity ratio of 6.22, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market cap of $11.09 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 0.60 and a beta of 2.07.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Tuesday, November 4th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $2.94 billion during 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, analysts forecast that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jason Montague acquired 13,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $18.81 per share, with a total value of $252,054.00. Following the transaction, the insider directly owned 13,400 shares of the company’s stock, valued at $252,054. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Harry Sommer acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of $18.52 per share, for a total transaction of $463,000.00. Following the completion of the acquisition, the chief executive officer directly owned 720,728 shares of the company’s stock, valued at approximately $13,347,882.56. The trade was a 3.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 90,029 shares of company stock valued at $1,663,575 over the last quarter. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently bought and sold shares of NCLH. MUFG Securities EMEA plc acquired a new stake in Norwegian Cruise Line during the 2nd quarter worth about $26,000. Sentry Investment Management LLC acquired a new stake in Norwegian Cruise Line in the 2nd quarter worth about $31,000. Laurel Wealth Advisors LLC raised its position in shares of Norwegian Cruise Line by 1,928.0% in the second 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 during the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $42,000. Finally, Hantz Financial Services Inc. grew its holdings in Norwegian Cruise Line by 133.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,284 shares of the company’s stock valued at $46,000 after buying an additional 1,305 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.