Norwegian Cruise Line (NYSE:NCLH) Stock Price Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Norwegian Cruise Line shares rose 1.6% and moved above their 200-day moving average, trading as high as $19.09 before last changing hands at $18.811; trading volume was about 15.8 million shares.
• Analysts’ average rating is Hold, with an average price target of $20.18. Ratings were mixed, including a JPMorgan downgrade to Underweight and UBS raising its target to $20.
• The company beat quarterly earnings and revenue estimates, reporting $1.12 per share versus $0.93 expected and $2.95 billion in revenue versus $2.88 billion expected.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $18.60 and traded as high as $19.09. Norwegian Cruise Line shares last traded at $18.8110, with a volume of 15,784,305 shares traded.

Analysts Set New Price Targets

NCLH has been the topic of several recent research reports. Susquehanna reduced their price target on Norwegian Cruise Line from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 20th. UBS Group increased their price objective on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Bank of America reiterated a "neutral" rating on shares of Norwegian Cruise Line in a research note on Friday, July 31st. JPMorgan Chase & Co. cut shares of Norwegian Cruise Line from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $13.00 to $11.00 in a research report on Friday, October 23rd. Finally, Barclays decreased their target price on shares of Norwegian Cruise Line from $19.00 to $18.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Hold" and an average price target of $20.18.

Norwegian Cruise Line Stock Up 1.6%

The firm has a fifty day simple moving average of $15.63 and a 200-day simple moving average of $18.60. The company has a market capitalization of $8.64 billion, a PE ratio of 10.39, a P/E/G ratio of 0.98 and a beta of 1.99. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.19 and a current ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.19. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.88 billion. Norwegian Cruise Line had a net margin of 8.20% and a return on equity of 34.28%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Norwegian Cruise Line

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Glenmede Trust Co. NA grew its stake in Norwegian Cruise Line by 4.0% in the first quarter. Glenmede Trust Co. NA now owns 19,497 shares of the company's stock worth $365,000 after purchasing an additional 745 shares in the last quarter. Ethic Inc. increased its holdings in Norwegian Cruise Line by 3.0% in the third quarter. Ethic Inc. now owns 26,210 shares of the company's stock valued at $384,000 after buying an additional 764 shares during the last quarter. Wedmont Private Capital raised its stake in Norwegian Cruise Line by 8.2% during the third quarter. Wedmont Private Capital now owns 13,515 shares of the company's stock valued at $209,000 after buying an additional 1,020 shares in the last quarter. Parallel Advisors LLC raised its stake in Norwegian Cruise Line by 45.2% during the first quarter. Parallel Advisors LLC now owns 3,882 shares of the company's stock valued at $73,000 after buying an additional 1,209 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in Norwegian Cruise Line by 38.6% during the 3rd quarter. Mather Group LLC. now owns 4,934 shares of the company's stock worth $72,000 after buying an additional 1,374 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company that operates three brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Its businesses provide cruise vacations, including onboard dining, entertainment and other guest services, as well as shore excursions at destinations on their itineraries. Norwegian Cruise Line offers contemporary cruise experiences, while Oceania Cruises focuses on destination-oriented travel and cuisine. Regent Seven Seas Cruises offers an all-inclusive luxury cruise experience.

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