JPMorgan Chase & Co. Lowers Norwegian Cruise Line (NYSE:NCLH) Price Target to $28.00

Norwegian Cruise Line (NYSE:NCLH) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $40.00 to $28.00 in a research note issued on Tuesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 34.20% from the stock’s current price.

A number of other equities research analysts have also issued reports on NCLH. Barclays dropped 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 report on Wednesday, December 17th. Jefferies Financial Group cut shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and dropped their price target for the company from $26.00 to $20.00 in a research note on Monday, December 15th. Bank of America upped their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Truist Financial cut their target price on Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group lowered Norwegian Cruise Line from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $21.00 in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.05.

Norwegian Cruise Line Stock Up 2.4%

NCLH stock opened at $20.87 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 6.22. The firm has a 50-day moving average of $20.92 and a two-hundred day moving average of $22.75. Norwegian Cruise Line has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.49 and a beta of 2.07.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Norwegian Cruise Line had a return on equity of 55.51% and a net margin of 6.85%.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, analysts forecast that Norwegian Cruise Line will post 1.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In related news, Director Harry C. Curtis acquired 5,000 shares of Norwegian Cruise Line stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $19.25 per share, for a total transaction of $96,250.00. Following the completion of the purchase, the director owned 50,325 shares in the company, valued at approximately $968,756.25. The trade was a 11.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stella David bought 6,986 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of $18.59 per share, with a total value of $129,869.74. Following the completion of the purchase, the director directly owned 103,474 shares in the company, valued at $1,923,581.66. This represents a 7.24% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 90,029 shares of company stock valued at $1,663,575. Insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCLH. Ariel Investments LLC lifted its position in shares of Norwegian Cruise Line by 36.2% during the 2nd quarter. Ariel Investments LLC now owns 12,369,377 shares of the company’s stock worth $250,851,000 after purchasing an additional 3,288,207 shares during the last quarter. Freestone Grove Partners LP lifted its holdings in Norwegian Cruise Line by 338.8% during the 3rd quarter. Freestone Grove Partners LP now owns 3,690,333 shares of the company’s stock worth $90,893,000 after buying an additional 2,849,349 shares during the last quarter. Norges Bank acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth about $49,620,000. Balyasny Asset Management L.P. increased its holdings in shares of Norwegian Cruise Line by 626.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,771,061 shares of the company’s stock valued at $68,251,000 after acquiring an additional 2,389,540 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at about $58,404,000. Institutional investors and hedge funds 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.