Norwegian Cruise Line (NYSE:NCLH) Raised to Strong-Buy at TD Cowen

Posted by Brian Himes on Sep 11th, 2026

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) was upgraded by research analysts at TD Cowen to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

NCLH has been the subject of a number of other research reports. Truist Financial cut Norwegian Cruise Line from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research report on Thursday, July 23rd. Susquehanna restated a “neutral” rating and issued a $17.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, August 4th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Jefferies Financial Group lifted their price target on shares of Norwegian Cruise Line from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, Stifel Nicolaus cut their price objective on shares of Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.95.

View Our Latest Stock Analysis on NCLH

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $14.54 on Tuesday. The business’s fifty day moving average price is $18.27 and its two-hundred day moving average price is $18.95. The stock has a market cap of $6.68 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.85 and a beta of 1.88. The company has a debt-to-equity ratio of 5.40, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line has a one year low of $14.45 and a one year high of $27.18.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. Norwegian Cruise Line had a return on equity of 41.38% and a net margin of 7.49%.The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the business posted $0.51 earnings per share. Norwegian Cruise Line’s revenue was up 4.9% compared to the same quarter last year. Norwegian Cruise Line has set its Q3 2026 guidance at 0.900-0.900 EPS and its FY 2026 guidance at 1.500-1.500 EPS. On average, analysts forecast that Norwegian Cruise Line will post 1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Several institutional investors have recently added to or reduced their stakes in the business. Capital International Investors boosted its stake in Norwegian Cruise Line by 7.1% in the 4th quarter. Capital International Investors now owns 56,177,669 shares of the company’s stock worth $1,253,886,000 after buying an additional 3,728,929 shares during the last quarter. State Street Corp increased its stake in shares of Norwegian Cruise Line by 0.4% during the 4th quarter. State Street Corp now owns 16,304,827 shares of the company’s stock valued at $363,924,000 after acquiring an additional 66,329 shares during the last quarter. Elliott Investment Management L.P. acquired a new position in shares of Norwegian Cruise Line during the 1st quarter valued at about $246,578,000. Geode Capital Management LLC lifted its holdings in shares of Norwegian Cruise Line by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 12,205,008 shares of the company’s stock worth $271,951,000 after acquiring an additional 262,086 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Norwegian Cruise Line by 1,988.9% during the 2nd quarter. California State Teachers Retirement System now owns 11,122,247 shares of the company’s stock worth $234,791,000 after acquiring an additional 10,589,799 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

More Norwegian Cruise Line News

Here are the key news stories impacting Norwegian Cruise Line this week:

Positive Sentiment: Norwegian Cruise Line’s new water park at its private island is receiving strong customer reviews. Favorable guest feedback could support demand, onboard spending and the company’s ability to market its private-island experience. Norwegian Cruise Lines lands strong reviews for the new water park on its private island
Positive Sentiment: Citi initiated or reiterated a Buy view on NCLH, signaling confidence in the stock’s valuation and potential recovery despite its recent weakness. Norwegian Cruise Line NCLH Gets a Buy from Citi
Neutral Sentiment: Norwegian’s decline has occurred alongside weakness in other cruise stocks, including Carnival and Royal Caribbean, suggesting sector-wide and macroeconomic selling rather than an isolated NCLH-specific event. Why Did NKE, OPEN, NCLH Stocks Slump To 52-Week Lows Today?
Negative Sentiment: Rising crude oil prices are undermining the fuel-cost relief thesis for cruise operators. Higher fuel expenses could pressure Norwegian’s margins and cash flow, particularly given its substantial leverage. Norwegian Slides 3% as Rising Oil Undercuts Fuel-Cost Relief Hopes
Negative Sentiment: NCLH fell more than the broader market and reached a 52-week low, reflecting persistent investor concerns about cruise demand, operating costs and the wider economic backdrop. Why Norwegian Cruise Line NCLH Dipped More Than Broader Market Today

About Norwegian Cruise Line

(Get Free Report)

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its three brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company offers ocean voyages to destinations around the world, including the Caribbean, Alaska, Europe, Asia, South America, Australia and New Zealand, and expedition regions.

Norwegian Cruise Line serves the contemporary and premium cruise markets and is known for its “Freestyle Cruising” approach, which emphasizes flexible dining and relaxed onboard experiences.