Truist Financial Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Key Points

• Truist Financial has increased its price target for Norwegian Cruise Line stock from $27.00 to $31.00, indicating a potential upside of 24.10% from its current price.
• Multiple analysts have raised their price targets for Norwegian Cruise Line, with Mizuho setting it at $29.00 and Jefferies Financial Group at $29.00, both assigning "outperform" and "buy" ratings, respectively.
• Norwegian Cruise Line's recent quarterly earnings showed a revenue of $2.52 billion and an EPS of $0.51, missing analysts' estimates but representing a year-over-year revenue growth of 6.1%.

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price objective lifted by Truist Financial from $27.00 to $31.00 in a report issued on Friday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Citigroup increased their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. UBS Group lifted their target price on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, August 26th. Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Wall Street Zen upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Barclays upped their price objective on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average price target of $27.80.

Norwegian Cruise Line Stock Up 0.8%

Norwegian Cruise Line stock traded up $0.19 during mid-day trading on Friday, hitting $25.42. The company's stock had a trading volume of 12,010,907 shares, compared to its average volume of 14,451,955. Norwegian Cruise Line has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a market cap of $11.49 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.12 and a beta of 2.19. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. The firm's 50 day moving average is $24.58 and its 200 day moving average is $20.67.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The company's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. On average, analysts anticipate that Norwegian Cruise Line will post 1.48 earnings per share for the current year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently modified their holdings of NCLH. Vanguard Group Inc. increased its position in Norwegian Cruise Line by 1.2% during the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company's stock worth $1,023,092,000 after acquiring an additional 653,279 shares during the period. State Street Corp increased its holdings in shares of Norwegian Cruise Line by 3.3% during 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 raised its position in shares of Norwegian Cruise Line by 36.2% during the second quarter. Ariel Investments LLC now owns 12,369,377 shares of the company's stock valued at $250,851,000 after buying an additional 3,288,207 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 370,064 shares during the period. Finally, Invesco Ltd. grew its position in Norwegian Cruise Line by 22.7% during the first quarter. Invesco Ltd. now owns 11,477,606 shares of the company's stock worth $217,615,000 after buying an additional 2,122,501 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.