Norwegian Cruise Line (NYSE:NCLH) Upgraded by Wells Fargo & Company to Strong-Buy Rating

Norwegian Cruise Line (NYSE:NCLH) was upgraded by Wells Fargo & Company to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Bank of America raised their price objective on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on shares of Norwegian Cruise Line from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. The Goldman Sachs Group decreased their price target on Norwegian Cruise Line from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. UBS Group upped their price target on Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. Finally, Mizuho lifted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.37.

Norwegian Cruise Line Stock Down 0.4%

Norwegian Cruise Line stock opened at $17.77 on Monday. The stock’s 50 day moving average price is $22.76 and its 200 day moving average price is $21.97. Norwegian Cruise Line has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a market cap of $8.09 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.71 and a beta of 2.22. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Insider Activity

In related news, CEO Harry Sommer bought 25,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $18.52 per share, with a total value of $463,000.00. Following the purchase, the chief executive officer owned 720,728 shares in the company, valued at $13,347,882.56. This represents a 3.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Zillah Byng-Thorne acquired 29,008 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of $18.11 per share, for a total transaction of $525,334.88. Following the purchase, the director owned 66,017 shares of the company’s stock, valued at approximately $1,195,567.87. The trade was a 78.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 90,029 shares of company stock worth $1,663,575. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds have recently made changes to their positions in the business. MUFG Securities EMEA plc purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $26,000. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the second quarter worth approximately $31,000. New Age Alpha Advisors LLC purchased a new stake in Norwegian Cruise Line in the first quarter valued at approximately $33,000. Laurel Wealth Advisors LLC increased its position in Norwegian Cruise Line by 1,928.0% during the second quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $41,000 after purchasing an additional 1,928 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Norwegian Cruise Line by 133.3% during the second quarter. Hantz Financial Services Inc. now owns 2,284 shares of the company’s stock worth $46,000 after purchasing an additional 1,305 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.