Norwegian Cruise Line (NYSE:NCLH) Price Target Raised to $30.00 at Bank of America

Norwegian Cruise Line (NYSE:NCLH) had its price objective hoisted by research analysts at Bank of America from $25.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price would indicate a potential upside of 23.94% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Norwegian Cruise Line in a report on Wednesday, October 8th. Mizuho lifted their price target on shares of Norwegian Cruise Line from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Barclays lowered their price objective on shares of Norwegian Cruise Line from $28.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. The Goldman Sachs Group cut Norwegian Cruise Line from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $21.00 in a report on Tuesday, December 9th. Finally, Morgan Stanley cut their price target on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.53.

Norwegian Cruise Line Stock Down 1.3%

Shares of NYSE NCLH traded down $0.33 during mid-day trading on Monday, reaching $24.21. The company had a trading volume of 8,247,300 shares, compared to its average volume of 14,567,684. The stock has a fifty day moving average of $20.41 and a two-hundred day moving average of $22.68. Norwegian Cruise Line has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.60 and a beta of 2.07. 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 earnings results on Tuesday, November 4th. The company reported $1.20 earnings per share (EPS) 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 company 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 research analysts expect that Norwegian Cruise Line will post 1.48 EPS for the current year.

Insider Activity

In other news, Director Stella David bought 6,986 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $18.59 per share, for a total transaction of $129,869.74. Following the transaction, the director directly owned 103,474 shares of the company’s stock, valued at $1,923,581.66. This represents a 7.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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, with a total value of $525,334.88. Following the purchase, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 90,029 shares of company stock valued at $1,663,575. 0.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MUFG Securities EMEA plc bought a new stake in Norwegian Cruise Line during the 2nd quarter valued at approximately $26,000. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $31,000. Aventura Private Wealth LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $42,000. Westside Investment Management Inc. boosted its position in shares of Norwegian Cruise Line by 81.9% during the third 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. Finally, Laurel Wealth Advisors LLC grew its stake in Norwegian Cruise Line by 1,928.0% in 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 period. Institutional investors own 69.58% of the company’s stock.

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.