Norwegian Cruise Line Holdings beat earnings estimates in the third quarter, propelled by strong demand, but cut its full-year outlook because of the Israel-Hamas War.
Why is NCL stock so low?
This decline in price can be attributed to the lack of income over the past two years and the substantial expenses incurred. However, based on their projections for 2022 and 2023, NCL is expected to perform exceptionally well.
What is the future of Norwegian Cruise Line stock?
Stock Price ForecastThe 16 analysts offering 12-month price forecasts for Norwegian Cruise Line Holdings Ltd have a median target of 17.00, with a high estimate of 23.00 and a low estimate of 13.50. The median estimate represents a +16.28% increase from the last price of 14.62.
Will Norwegian stock bounce back?
Norwegian's stock prices are still down more than 70% from its pre-pandemic high18, but many analysts consider it the cruise line best positioned to recover quickly despite its smaller fleet capacity1920, making today's low stock prices a feature, not a bug. Norwegian plans to introduce eight more ships through 202721.
Is Norwegian Cruise Line a good stock to buy now?
Norwegian Cruise Line has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 4 buy ratings, 6 hold ratings, and 2 sell ratings.
Is NCL good stock to buy now?
Norwegian Cruise Line's analyst rating consensus is a Hold. This is based on the ratings of 12 Wall Streets Analysts.
Is it good to buy Norwegian Cruise Line stock?
Norwegian Cruise Line has 14.87% upside potential, based on the analysts' average price target. Norwegian Cruise Line has a conensus rating of Hold which is based on 3 buy ratings, 6 hold ratings and 1 sell ratings. The average price target for Norwegian Cruise Line is $17.15.
Why is Norwegian Cruise Line stock falling?
Which Cruise Line is financially strongest?
| Cruise Line Stocks With the Best Performance | ||
|---|---|---|
| Price ($) | Market Cap ($B) | |
| Royal Caribbean Group (RCL) | 78.85 | 20.2 |
| Norwegian Cruise Line Holdings Ltd. (NCLH) | 14.47 | 6.1 |
| Carnival Corp. (CCL) | 11.04 | 14.4 |
Why are cruise stocks not recovering?
Shares of Carnival (CCL 0.03%) have tumbled over the last year due largely to a combination of a sluggish recovery from the pandemic, wide losses, high debt, and macroeconomic headwinds. According to data from S&P Global Market Intelligence, the stock has fallen by 62% since the S&P 500 peaked on Jan. 3, 2022.
Can Norwegian Cruise Line survive?
The industry looks to be on course now for a rebound. Norwegian Cruise Line has improved its financial position even though it has taken on more than $12 billion worth of debt to survive, including an additional $2.1 billion in debt transactions conducted just this month.
What is the highest NCL stock has ever been?
The latest closing stock price for Norwegian Cruise Line Holdings as of November 21, 2023 is 14.33.
- The all-time high Norwegian Cruise Line Holdings stock closing price was 63.76 on November 02, 2015.
- The Norwegian Cruise Line Holdings 52-week high stock price is 22.75, which is 58.8% above the current share price.
Who are the largest shareholders of NCL?
Largest shareholders include Vanguard Group Inc, Capital International Investors, Capital Research Global Investors, BlackRock Inc., AGTHX – GROWTH FUND OF AMERICA Class A, State Street Corp, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, NAESX – Vanguard Small-Cap Index Fund Investor Shares, VFINX – …
Which cruise lines are in financial trouble?
In the stock market, cruise line shares plummeted as 2020 wore on. In that pandemic year, Carnival fell 57 percent, Royal Caribbean 44 percent, and Norwegian 56 percent. The companies had virtually no revenue and mounting debt, and their ability to remain going concerns was in doubt.
Will cruise stocks ever return?
After gloomy performances during the pandemic, cruise stocks look poised to deliver gains for investors. Battered comps from slow travel make it easier for cruise stocks to achieve triple-digit year-over-year revenue growth. And some cruise companies have already reported that type of growth.