Tuesday, April 2, 2024

Norwegian Cruise Line Holdings to Hold Conference Call on First Quarter 2024 Financial Results

norway cruise stock price

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors grew its stake in shares of Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company's stock valued at $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter.

Norwegian Cruise Line Dividend Calendar

Norwegian Cruise Line has been rated by Barclays, Citigroup, Mizuho, Morgan Stanley, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, and Truist Financial in the past 90 days. Analysts like Norwegian Cruise Line less than other Consumer Discretionary companies. The consensus rating for Norwegian Cruise Line is Hold while the average consensus rating for consumer discretionary companies is Moderate Buy. Enter your email address below to receive the latest news and analysts' ratings for Norwegian Cruise Line and its competitors with MarketBeat's FREE daily newsletter. Norwegian Cruise Line Holdings unveils plans for eight new vessels, expanding its fleet with nearly 25,000 additional berths across three brands.

Investing in Cruise Stocks in 2020

The company also initiates construction of a multi-ship pier at Great Stirrup Cay, enhancing its Caribbean port infrastructure. On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. After a recent pullback to $14.33, I’d use weakness as an opportunity with Carnival. Not only is its sitting at double-bottom support dating back to late November, it’s technically over-extended on RSI, MACD, and Williams’ %R. From its current price, I’d like to see Carnival initially retest resistance at around $17.68.

Should you invest $1,000 in Norwegian Cruise Line right now?

10 Best Travel Stocks For Shareholder Upgrades, Perks - Bloomberg

10 Best Travel Stocks For Shareholder Upgrades, Perks.

Posted: Mon, 04 Dec 2023 08:00:00 GMT [source]

Vanguard Group Inc. grew its stake in shares of Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company's stock valued at $819,008,000 after acquiring an additional 1,031,053 shares in the last quarter. BlackRock Inc. grew its stake in Norwegian Cruise Line by 0.3% during the first quarter. BlackRock Inc. now owns 23,716,207 shares of the company's stock worth $318,983,000 after buying an additional 77,389 shares in the last quarter. Capital International Investors grew its stake in Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company's stock worth $464,775,000 after buying an additional 2,875,079 shares in the last quarter.

Norwegian Cruise Line (NCLH) Q3 2023 Earnings Call Transcript

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Is Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) A High Quality Stock To Own?

norway cruise stock price

JPMorgan also raised its price target to $23 with an overweight rating. The average twelve-month price prediction for Norwegian Cruise Line is $20.87 with a high price target of $32.00 and a low price target of $15.00. Mizuho began coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a "neutral" rating and a $21.00 price objective on the stock. Stifel Nicolaus reaffirmed a "buy" rating and set a $25.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th.

Will Norwegian Cruise Line Stock Continue To Trend Higher?

Here's what today’s investors need to know to navigate the deep waters of this relatively small and cyclical industry. Shares of the cruise line jumped on expectations of falling interest rates and a strong 2024 for the cruise industry. This company is smoothly sailing now after years of choppy seas. We’d like to share more about how we work and what drives our day-to-day business.

Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista

Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.

Top Cruise Line Stocks for 2023 - Investopedia

Top Cruise Line Stocks for 2023.

Posted: Tue, 30 May 2023 07:00:00 GMT [source]

“Bookings have been significantly higher than during the same period last year, with the back half of the year up by more than the front half,” the company added. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So I think it may be worth checking this free report on analyst forecasts for the company. Bear in mind, a high ROE doesn't always mean superior financial performance. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .

We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

Finally, State Street Corp grew its stake in Norwegian Cruise Line by 4.3% during the second quarter. State Street Corp now owns 14,087,436 shares of the company's stock worth $306,683,000 after buying an additional 583,581 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds. That said, the longer-term outlook for the company remains mixed, in our view. Booking trends have also been mixed, with reservations for the second half of 2021 apparently remaining below historical levels, although early trends for 2022 look strong, per the company.

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