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

Key Points

• Wells Fargo lowered Norwegian Cruise Line’s price target from $20 to $18 while maintaining an “overweight” rating, implying 16.57% upside from the prior close.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average target price of $20.25, with most analysts rating it Hold.
• NCLH shares fell $0.13 to $15.44, trading below both their 50-day ($16.25) and 200-day ($17.98) moving averages; institutional investors own 69.58% of the company.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) had its price objective cut by investment analysts at Wells Fargo & Company from $20.00 to $18.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 16.57% from the stock's previous close.

NCLH has been the subject of a number of other research reports. Zacks Research lowered shares of Norwegian Cruise Line from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. dropped their target price on Norwegian Cruise Line from $17.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, September 24th. Susquehanna restated a "neutral" rating and issued a $17.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, August 4th. Mizuho reaffirmed a "neutral" rating and set a $17.00 price target (down from $22.00) on shares of Norwegian Cruise Line in a research note on Tuesday, August 18th. Finally, Citigroup decreased their price target on Norwegian Cruise Line from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.25.

Norwegian Cruise Line Stock Performance

NCLH traded down $0.13 during trading on Monday, reaching $15.44. 3,021,516 shares of the company were exchanged, compared to its average volume of 20,082,094. Norwegian Cruise Line has a 52 week low of $13.63 and a 52 week high of $25.13. The stock has a market cap of $7.09 billion, a P/E ratio of 9.63, a PEG ratio of 0.90 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. The firm has a 50 day moving average of $16.25 and a 200 day moving average of $17.98.

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, 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 during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company's quarterly revenue was up 4.9% on a year-over-year basis. 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 forecast that Norwegian Cruise Line will post 1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Elliott Investment Management L.P. acquired a new stake in Norwegian Cruise Line during the 1st quarter worth about $246,578,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Norwegian Cruise Line during the second quarter valued at about $2,744,000. Bank of America Corp DE lifted its stake in Norwegian Cruise Line by 61.0% during the first quarter. Bank of America Corp DE now owns 2,566,087 shares of the company's stock valued at $47,986,000 after buying an additional 971,809 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Norwegian Cruise Line in the first quarter worth about $42,761,000. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter worth about $33,380,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Company Profile

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.

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