Norwegian Cruise Line (NYSE:NCLH) Given New $28.00 Price Target at JPMorgan Chase & Co.

Norwegian Cruise Line (NYSE:NCLH) had its price target cut by JPMorgan Chase & Co. from $40.00 to $28.00 in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of Norwegian Cruise Line from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $21.00 in a report on Tuesday, December 9th. Bank of America raised their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Cowen reiterated a “buy” rating on shares of Norwegian Cruise Line in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Norwegian Cruise Line in a report on Wednesday, October 8th. Finally, Truist Financial lowered their price target on Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus target price of $27.05.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $20.40 on Tuesday. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.54 and a beta of 2.07. Norwegian Cruise Line has a 1 year low of $14.21 and a 1 year high of $29.29. The stock’s 50 day simple moving average is $20.89 and its two-hundred day simple moving average is $22.76. 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 (NYSE:NCLH) last posted 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 firm had revenue of $2.94 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

In related news, insider Jason Montague purchased 13,400 shares of Norwegian Cruise Line stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $18.81 per share, with a total value of $252,054.00. Following the purchase, the insider directly owned 13,400 shares of the company’s stock, valued at approximately $252,054. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harry Sommer acquired 25,000 shares of the stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $18.52 per share, with a total value of $463,000.00. Following the completion of the transaction, the chief executive officer owned 720,728 shares in the company, valued at $13,347,882.56. This trade represents a 3.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 90,029 shares of company stock valued at $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 company. MUFG Securities EMEA plc bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $26,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the second quarter worth about $31,000. Aventura Private Wealth LLC bought a new position in Norwegian Cruise Line during the 4th quarter worth about $42,000. Thompson Investment Management Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $44,000. Finally, Westside Investment Management Inc. raised its holdings in shares of Norwegian Cruise Line by 81.9% in the 3rd quarter. Westside Investment Management Inc. now owns 2,004 shares of the company’s stock valued at $49,000 after purchasing an additional 902 shares in the last quarter. 69.58% of the stock is owned by 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.