Norwegian Cruise Line (NYSE:NCLH) Hits New 12-Month High – Time to Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $24.58 and last traded at $24.23, with a volume of 2671856 shares changing hands. The stock had previously closed at $23.35.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America increased their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Susquehanna increased their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Truist Financial raised their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Barclays upped their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.30.

Norwegian Cruise Line Stock Performance

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’s 50 day moving average price is $18.96 and its 200-day moving average price is $18.17. The stock has a market cap of $10.54 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS 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 during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line during the first quarter valued at about $27,000. Sentry Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 2nd quarter valued at approximately $39,000. Fidelis Capital Partners LLC purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Redmont Wealth Advisors LLC bought a new stake in shares of Norwegian Cruise Line in the 1st quarter worth approximately $80,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Norwegian Cruise Line in the third quarter valued at approximately $78,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Company Profile

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.