JPMorgan Chase & Co. Cuts Norwegian Cruise Line (NYSE:NCLH) Price Target to $28.00

Norwegian Cruise Line (NYSE:NCLH) had its target price trimmed by JPMorgan Chase & Co. from $40.00 to $28.00 in a research report released on Tuesday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Several other analysts have also commented on the company. Jefferies Financial Group lowered Norwegian Cruise Line from a “buy” rating to a “hold” rating and decreased their price objective for the company from $26.00 to $20.00 in a report on Monday, December 15th. Morgan Stanley decreased their price target on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Zacks Research downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. TD Cowen restated a “buy” rating on shares of Norwegian Cruise Line in a research note on Tuesday, January 13th. Finally, Citigroup increased their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.05.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $20.82 on Tuesday. The company has a market capitalization of $9.48 billion, a PE ratio of 15.31, a P/E/G ratio of 0.52 and a beta of 2.07. The company has a 50-day simple moving average of $20.97 and a two-hundred day simple moving average of $22.74. Norwegian Cruise Line has a one year low of $14.21 and a one year 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.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate 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. Research analysts expect that Norwegian Cruise Line will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 29,008 shares of Norwegian Cruise Line stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $18.11 per share, with a total value 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 represents a 78.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Montague acquired 13,400 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $18.81 per share, for a total transaction of $252,054.00. Following the completion of the acquisition, the insider directly owned 13,400 shares in the company, valued at approximately $252,054. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 90,029 shares of company stock worth $1,663,575 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in the company. Capital International Investors raised its position in shares of Norwegian Cruise Line by 0.9% in the third quarter. Capital International Investors now owns 52,448,740 shares of the company’s stock worth $1,291,812,000 after acquiring an additional 449,142 shares during the period. State Street Corp raised its holdings in Norwegian Cruise Line by 3.3% in the 2nd quarter. State Street Corp now owns 16,299,409 shares of the company’s stock worth $330,552,000 after purchasing an additional 524,239 shares during the period. Ariel Investments LLC boosted its position in Norwegian Cruise Line by 36.2% during the second quarter. Ariel Investments LLC now owns 12,369,377 shares of the company’s stock worth $250,851,000 after purchasing an additional 3,288,207 shares in the last quarter. Geode Capital Management LLC grew its holdings in Norwegian Cruise Line by 3.3% in the second quarter. Geode Capital Management LLC now owns 11,636,194 shares of the company’s stock valued at $235,532,000 after purchasing an additional 370,064 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Norwegian Cruise Line by 6.3% in the third quarter. Dimensional Fund Advisors LP now owns 6,606,640 shares of the company’s stock valued at $162,723,000 after buying an additional 391,482 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.