Norwegian Cruise Line (NYSE:NCLH) Shares Gap Up - Still a Buy?

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $23.16, but opened at $24.46. Norwegian Cruise Line shares last traded at $23.95, with a volume of 2,348,330 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NCLH shares. Stifel Nicolaus upped their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Barclays upped their target price on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an "underweight" rating in a research report on Wednesday, August 7th. Truist Financial increased their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Finally, Macquarie lifted their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $23.63.

Get Our Latest Stock Report on Norwegian Cruise Line

Norwegian Cruise Line Stock Performance

The stock has a market cap of $10.45 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The stock's 50 day simple moving average is $20.07 and its two-hundred day simple moving average is $18.38.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC acquired a new stake in Norwegian Cruise Line in the 1st quarter valued at $27,000. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $39,000. Blue Trust Inc. raised its holdings in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after acquiring an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line during the first quarter valued at approximately $61,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Norwegian Cruise Line during the first quarter valued at approximately $80,000. 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.

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