|Bid||15.86 x 1100|
|Ask||15.85 x 3200|
|Day's range||15.05 - 16.06|
|52-week range||7.03 - 59.78|
|Beta (5Y monthly)||2.77|
|PE ratio (TTM)||N/A|
|Earnings date||06 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||30.54|
Cruise-ship stocks gave up some of their recent gains on Thursday. Shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) fell 7.6%, 4.8%, and 8.6%, respectively. Many travel-related companies saw their stock prices rally as the markets resumed trading after Memorial Day weekend.
NCLC expects to use the net proceeds from the placement of the Private Exchangeable Notes for general corporate purposes. The Private Exchangeable Notes will be general senior unsecured obligations of NCLC, guaranteed by NCLH, and will be exchangeable at the holder’s option at any time prior to the close of business on the business day immediately preceding the maturity date into Series A Preference Shares of NCLC, which shall be automatically exchangeable into a number of ordinary shares of NCLH.
With shares down 70% for the year, Norwegian Cruise Lines (NYSE: NCLH) is feeling the same pain as all cruise lines right now. Cruise line don't offer a huge amount of utility to the average consumer. The success of an investment in the cruise liner's IPO is no longer there.
Norwegian Cruise Line (NCLH) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.
In the first few minutes of trading Wednesday, shares of Norwegian Cruise Line Holdings (NYSE: NCLH), Carnival Corporation (NYSE: CCL), and Royal Caribbean (NYSE: RCL) rushed forward in near lockstep, rising 11.3%, 11.5%, and 11.6% -- but the rally didn't last the hour. Seems investors can't make up their minds what's going on with the cruise industry today. Clearly cruise stocks are moving as a group, and not based on how investors weigh their individual merits -- which isn't surprising.
A holiday weekend, a new week, and a new coronavirus vaccine candidate -- these three factors helped spark a new stock rally Tuesday, and cruise line stocks Carnival Corporation (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line (NYSE: NCLH) are key beneficiaries of the optimism today. In 1 p.m. EDT trading, shares of Norwegian Cruise Line Holdings stock are up a whopping 15.0%, with Carnival (up 12.7%) and Royal Caribbean (up 13.8%) shares not far behind.
Top news and what to watch in the markets on Friday, May 22, 2020.
Volatility continues to be the name of the game for cruise line stocks in May, and Thursday's trading is no different. Today, the catalyst for shares surging was a Credit Suisse analyst initiating relatively positive coverage on cruise line stocks. Shares of Norwegian Cruise Line (NYSE: NCLH) jumped as much as 12.3%, Royal Caribbean (NYSE: RCL) was up 10.7% early in trading, and Carnival (NYSE: CCL) rose 6.9%.
The cruise ship industry has been tempest-tost as the COVID-19 pandemic shipwrecked the stocks of Carnival (NYSE: CCL), Norwegian Cruise Line (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) over the last three months with losses of 60% or more. Chaiken initiated coverage on Carnival, Norwegian, and Royal, though he sees the latter two cruise lines as better investments.
The cruise ship industry is getting a major haircut from an analyst at investment firm SunTrust Robinson, who says we may not have seen the bottom of Carnival (NYSE: CCL), Norwegian Cruise Line (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) shares. Analyst C. Patrick Scholes lowered his price target on Carnival 27% from $51 to $37, on Royal Caribbean 38% from $164 to $102, and on Norwegian Cruise Line 32% from $66 to $45.
Norwegian Cruise Line Holdings Ltd. (“Norwegian” or “the Company”) (NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today announced an extension of its previously announced suspension of global cruise voyages to include voyages embarking between July 1 and July 31, 2020 for its three cruise brands. The voyage suspension contributes to global efforts to contain the spread of COVID-19.
Shares of cruise line operators Carnival (NYSE: CCL), Norwegian Cruise Line (NYSE: NCLH), and Royal Carribbean (NYSE: RCL) were all soaring by double-digit rates Monday morning. Carnival opened 11% higher today and Norwegian and Royal were up 15% each. A series of positive developments inspired hope among cruise ship investors that the worst may be behind the industry and they could extend their rally for a third consecutive trading day.
All three cruise line stocks moved lower as layoffs and problematic quarterly results offset improving liquidity snapshots.
Pinterest, Bank of America, Norwegian Cruise, Royal Caribbean and Carnival as Zacks Bull and Bear of the Day
At least one Wall Street pro thinks the sell-off in Norwegian Cruise Line (NYSE: NCLH) stock has gone too far. James Hardiman, an analyst at Wedbush Securities recently attached a $26 per share price target on the battered cruise ship stock, which equates to more than a 100% return from the current level. The nightmare scenario of insolvency, meanwhile, is unlikely now that Norwegian has raised enough capital to potentially operate through 2021 without resuming its cruise services.
NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), announced today that it closed its previously announced private offering of $675 million aggregate principal amount of its 12.25% senior secured notes due 2024 (the “Secured Notes”) on May 14, 2020. NCLC expects to use the net proceeds from the offering of the Secured Notes for general corporate purposes. The Secured Notes and certain of the related guarantees will be secured by first-priority interests in, among other things and subject to certain agreed security principles, shares of capital stock in certain subsidiary guarantors, two of our vessels, our material intellectual property and two islands that we use in the operations of our cruise business.
Of all the high-risk, high-upside opportunities in the market today, none are perhaps as interesting as cruise line stocks Norwegian Cruise Lines (NYSE: NCLH), Royal Caribbean (NYSE: RCL), and Carnival (NYSE: CCL). Amid the coronavirus pandemic, all three cruise companies have ceased cruising and are burning cash with no end in sight. On the other hand, all have managed to raise money from the public debt and equity markets in order to tide them over for the intermediate term -- albeit expensively, with significant shareholder dilution.
Shares of Norwegian, Carnival and Royal Caribbean Cruises Ltd <RCL.N>, the biggest operators, reversed course following positive commentary on demand from Norwegian executives on a post-earnings call. The cruise industry has been hammered by the coronavirus as health officials asked customers to avoid cruises on fears of catching the infection and extended port quarantines in Japan and California added to worries.
Norwegian Cruise Line (NCLH) delivered earnings and revenue surprises of -90.38% and -2.45%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Significantly Strengthened Liquidity with Highly Successful $2.4 Billion Capital Raise Well-Positioned to Withstand Over 18 Months of Voyage Suspensions Non-Cash Goodwill and.
Deutsche Bank (DE:DBKGn) analyst Chris Woronka maintained a Hold rating on Norwegian Cruise Line (NYSE:NCLH) on Thursday, setting a price target of $14, which is approximately 26.24% above the present share price of $11.09.