Norwegian Cruise Line (NYSE:NCLH) Stock Gets Price Target Cut from Wells Fargo & Company

Norwegian Cruise Line (NYSE:NCLH – Free Report) had its price target decreased by Wells Fargo & Company from $20.00 to $18.00 in a research note issued to investors on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on NCLH. Jefferies Financial Group boosted 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. Barclays reduced their price objective on shares of Norwegian Cruise Line from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Susquehanna reiterated a “neutral” rating and issued a $17.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, August 4th. Stifel Nicolaus dropped their target price on shares of Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Zacks Research downgraded Norwegian Cruise Line from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.25.

View Our Latest Analysis on NCLH

Norwegian Cruise Line Trading Down 2.9%

Shares of Norwegian Cruise Line stock opened at $14.88 on Monday. The stock has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $17.88. Norwegian Cruise Line has a 12-month low of $13.63 and a 12-month high of $25.13. The company has a market capitalization of $6.83 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.95. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 5.40.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.65 billion. Norwegian Cruise Line had a return on equity of 41.38% and a net margin of 7.49%. Norwegian Cruise Line’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. 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, sell-side analysts anticipate that Norwegian Cruise Line will post 1.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently made changes to their positions in NCLH. Elliott Investment Management L.P. purchased a new stake in Norwegian Cruise Line in the 1st quarter worth about $246,578,000. California Public Employees Retirement System raised its stake in Norwegian Cruise Line by 358.8% in the 1st quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock valued at $68,738,000 after acquiring an additional 2,874,730 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Norwegian Cruise Line in the 1st quarter valued at about $42,761,000. Hound Partners LLC raised its stake in Norwegian Cruise Line by 50.0% in the 1st quarter. Hound Partners LLC now owns 5,713,090 shares of the company’s stock valued at $106,835,000 after acquiring an additional 1,905,203 shares during the period. Finally, Interval Partners LP raised its stake in Norwegian Cruise Line by 157.4% in the 4th quarter. Interval Partners LP now owns 3,102,336 shares of the company’s stock valued at $69,244,000 after acquiring an additional 1,897,002 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Key Norwegian Cruise Line News

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

Norwegian Cruise Line Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Norwegian Cruise Line (NYSE:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.