Norwegian Cruise Line (NYSE:NCLH) Hits New 52-Week High – Time to Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $27.41 and last traded at $27.41, with a volume of 1432761 shares trading hands. The stock had previously closed at $25.94.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NCLH shares. Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Morgan Stanley upped their price objective on Norwegian Cruise Line from $17.50 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Stock Up 7.0 %

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

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

Institutional Trading of Norwegian Cruise Line

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line in the 1st quarter worth $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the second quarter worth about $39,000. Blue Trust Inc. raised its stake in shares of Norwegian Cruise Line by 489.8% in the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the period. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the first quarter valued at approximately $61,000. Finally, Huntington National Bank boosted its holdings in Norwegian Cruise Line by 173.1% in the 3rd 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 period. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.