Jefferies has downgraded Norwegian Cruise Line Holdings Ltd (NCLH) to Hold from Buy as of December 14, 2025. The stock is currently priced at $21.65.
This downgrade reflects increased caution regarding the company's outlook, potentially due to competitive pressures, market conditions, or execution risks impacting performance.
Norwegian Cruise Line Holdings, headquartered in Miami, operates a fleet of 32 ships under the brands Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, serving over 700 destinations worldwide. The company employs 36,500 full-time staff and has a market capitalization of $8.8 billion. As of the most recent financial data, it has a price-to-earnings ratio (P/E) of 13.20 and an earnings per share (EPS) of 1.31.
Upcoming earnings reports include estimates of $0.69 EPS on $2.8 billion revenue for July 29, 2026, and $0.17 EPS on $2.4 billion revenue for April 28, 2026. Recent earnings performance saw Q3 2025 EPS at $1.20, exceeding estimates by 1.6%.
Analyst consensus remains a Buy with 9 Strong Buy, 14 Buy, and 8 Hold ratings among a total of 31 analysts. Analyst ratings can change as new information becomes available, and differing opinions may exist among analysts on the same company.