Norwegian Cruise Line (NYSE:NCLH) Reaches New 12-Month High After Analyst Upgrade

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price reached a new 52-week high during mid-day trading on Thursday after Morgan Stanley raised their price target on the stock from $17.50 to $19.00. Morgan Stanley currently has an underweight rating on the stock. Norwegian Cruise Line traded as high as $26.15 and last traded at $26.14, with a volume of 3740840 shares. The stock had previously closed at $23.84.

Several other brokerages have also recently weighed in on NCLH. Bank of America boosted their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Sunday, October 20th. Truist Financial boosted their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $30.00 in a research report on Wednesday, October 9th. Finally, Susquehanna boosted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in Norwegian Cruise Line in the third quarter valued at about $615,000. Bleakley Financial Group LLC grew its stake in shares of Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after acquiring an additional 1,281 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Norwegian Cruise Line by 875.2% during the first quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after acquiring an additional 109,892 shares during the period. Mackenzie Financial Corp grew its stake in Norwegian Cruise Line by 26.7% during the 2nd quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after purchasing an additional 212,787 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Norwegian Cruise Line by 69.5% during the 2nd quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after purchasing an additional 267,155 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 6.1 %

The business has a 50-day simple moving average of $20.72 and a 200-day simple moving average of $18.54. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

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.