Norwegian Cruise Line (NYSE:NCLH) Hits New 12-Month High – What’s Next?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) reached a new 52-week high on Wednesday . The company traded as high as $27.41 and last traded at $27.41, with a volume of 1432761 shares traded. The stock had previously closed at $25.94.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NCLH. Barclays lifted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Macquarie upped their target price on Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $30.00 in a research note on Wednesday, October 9th. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Susquehanna upped their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus price target of $25.80.

Norwegian Cruise Line Stock Up 7.0 %

The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The firm has a 50-day simple moving average of $21.02 and a two-hundred day simple moving average of $18.66. The stock has a market cap of $12.20 billion, a P/E ratio of 25.08, a PEG ratio of 0.27 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Norwegian Cruise Line

Institutional investors and hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Norwegian Cruise Line during the first quarter worth $27,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line during the 2nd quarter worth about $39,000. Blue Trust Inc. boosted its holdings in Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after acquiring an additional 1,817 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line during the first quarter worth $61,000. Finally, Huntington National Bank raised its stake in Norwegian Cruise Line by 173.1% during the third quarter. Huntington National Bank now owns 3,504 shares of the company’s stock worth $72,000 after buying an additional 2,221 shares during 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.