Morningstar
•
Nov 02, 2026
Norwegian Cruise Line Holdings Ltd.: Norwegian's Turnaround Underway, but Full Effects Unlikely to Be Seen Until 2028
Symbols
NCLHSector(s)
Consumer Cyclical
Rating
Current Price
17.94
Fair Value
Economic Moat
Stewardship
Summary
Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 72,000, excluding two ships under long-term charters to third parties). It operates 33 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle
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Analyst Profile
Jaime M Katz
Senior Equity Analyst
Jaime M. Katz, CFA, is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. She covers home improvement retailers and travel and leisure.Before joining Morningstar in 2011, Katz was an associate for Credit Agricole Corporate and Investment Bank. She also worked in equity research for William Blair for three years and spent three years in asset management at Mesirow Financial.Katz holds a bachelor's degree in economics from the University of Wisconsin and a master's degree in business administration from the University of Chicago Booth School of Business. She also holds the Chartered Financial Analyst® designation. She ranked first in the leisure goods and services industry in The Wall Street Journal's annual “Best on the Street” analysts survey in 2013, the last year the survey was conducted.
