Norwegian Cruise Line (NYSE:NCLH) Given New $18.00 Price Target at Wells Fargo & Company

Norwegian Cruise Line (NYSE:NCLH) had its target price reduced by Wells Fargo & Company from $20.00 to $18.00 in a report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

NCLH has been the topic of a number of other research reports. BMO Capital Markets initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, July 7th. They set a “market perform” rating and a $21.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $17.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, July 31st. TD Cowen upgraded Norwegian Cruise Line to a “strong-buy” rating in a report on Tuesday, September 8th. Mizuho reaffirmed a “neutral” rating and set a $17.00 target price (down from $22.00) on shares of Norwegian Cruise Line in a research report on Tuesday, August 18th. Finally, Freedom Capital downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.25.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $15.34 on Monday. The business has a 50 day moving average of $16.16 and a 200-day moving average of $17.95. Norwegian Cruise Line has a 1 year low of $13.63 and a 1 year high of $25.13. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $7.04 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.90 and a beta of 1.95.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. Norwegian Cruise Line had a net margin of 7.49% and a return on equity of 41.38%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the company earned $0.51 EPS. The firm’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, equities research analysts predict that Norwegian Cruise Line will post 1.36 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Institutional investors have recently modified their holdings of the company. GK Wealth Management LLC acquired a new position in Norwegian Cruise Line in the third quarter valued at $190,000. Wedmont Private Capital grew its holdings in Norwegian Cruise Line by 8.2% during the 3rd quarter. Wedmont Private Capital now owns 13,515 shares of the company’s stock worth $209,000 after acquiring an additional 1,020 shares during the period. Journey Retirement Planning & Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth about $270,000. Farther Finance Advisors LLC raised its position in shares of Norwegian Cruise Line by 183.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 19,240 shares of the company’s stock worth $282,000 after acquiring an additional 12,455 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Norwegian Cruise Line by 27.6% in the 3rd quarter. CoreCap Advisors LLC now owns 12,332 shares of the company’s stock worth $181,000 after acquiring an additional 2,668 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides ocean cruising experiences to destinations around the world.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented voyages and culinary experiences, while Regent Seven Seas Cruises operates in the luxury cruise segment, offering more inclusive accommodations, dining and services.

The company traces its history to the founding of Norwegian Caribbean Line in 1966.