Norwegian Cruise Line (NYSE:NCLH) Coverage Initiated by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company assumed coverage on shares of Norwegian Cruise Line (NYSE:NCLH) in a note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $30.00 price target on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 71.09% from the company’s previous close.

NCLH has been the topic of several other reports. Susquehanna cut their price target on Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Bank of America boosted their price objective on Norwegian Cruise Line from $20.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Stifel Nicolaus upped their target price on Norwegian Cruise Line from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Tigress Financial lifted their price target on Norwegian Cruise Line from $36.00 to $38.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 27th. Finally, Truist Financial boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average target price of $28.37.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $17.54 on Tuesday. Norwegian Cruise Line has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05. The company has a market cap of $7.98 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.71 and a beta of 2.22. The company’s 50 day moving average is $23.07 and its 200 day moving average is $22.00.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.20 EPS for the quarter, beating the consensus estimate 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 7.52% and a return on equity of 59.88%. 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 forecast that Norwegian Cruise Line will post 1.48 EPS for the current year.

Insider Transactions at Norwegian Cruise Line

In other news, Director Harry C. Curtis purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $19.25 per share, for a total transaction of $96,250.00. Following the acquisition, the director directly owned 50,325 shares of the company’s stock, valued at approximately $968,756.25. This represents a 11.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zillah Byng-Thorne bought 29,008 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $18.11 per share, for a total transaction of $525,334.88. Following the transaction, the director owned 66,017 shares of the company’s stock, valued at $1,195,567.87. This trade represents a 78.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 90,029 shares of company stock valued at $1,663,575 in the last three months. 0.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ariel Investments LLC increased its position in shares of Norwegian Cruise Line by 126.8% in the 1st quarter. Ariel Investments LLC now owns 9,081,170 shares of the company’s stock valued at $172,179,000 after purchasing an additional 5,077,531 shares during the last quarter. 59 North Capital Management LP acquired a new position in shares of Norwegian Cruise Line during the first quarter worth $69,877,000. Freestone Grove Partners LP grew its stake in shares of Norwegian Cruise Line by 338.8% during the third quarter. Freestone Grove Partners LP now owns 3,690,333 shares of the company’s stock worth $90,893,000 after purchasing an additional 2,849,349 shares in the last quarter. Norges Bank acquired a new stake in Norwegian Cruise Line in the second quarter valued at $49,620,000. Finally, Balyasny Asset Management L.P. raised its stake in Norwegian Cruise Line by 626.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,771,061 shares of the company’s stock valued at $68,251,000 after buying an additional 2,389,540 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About Norwegian Cruise Line

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.