"Sustainability is at the core of our 'Charting the Course' strategy, which is built on four key pillars: people, product, platform, and performance, all deeply rooted in the foundation of our Sail & Sustain program. We understand that the success of our business is inextricably linked to the health of our planet and communities, and that's why we are dedicated to holistically integrating sustainability into our business strategy," said Harry Sommer, President and CEO of Norwegian Cruise Line Holdings Ltd. ...

The third-largest cruise line operator is a bargain even after you consider the reasons for the relatively lower multiples. When it comes to cruise line stocks it seems as if Norwegian Cruise Line (NCLH 3.67%) is the Rodney Dangerfield of the shipyard. It can't seem to get any respect. The shares are trading just 9% higher over the past year, compared to larger rivals Carnival Corp. and Royal Caribbean Cruises rising 31% and 75%, respectively, in that time. The disparity gets even wider between the leader a ...

Norwegian Cruise Line (NCLH) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NCLH broke through the 200-day moving average, which suggests a longterm bullish trend. The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a supp ...

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Analysts at Mizuho Securities believe the cruise line operator's profits are headed higher. Analysts at one Wall Street firm think investors could book some big profits by investing in Norwegian Cruise Line (NCLH -0.85%) stock right now. In a new research report, Mizuho Securities analysts Ben Chaiken and Alok Patel upgraded their firm's rating on the cruise operator from neutral to buy. They also boosted their share price target from $21 to $24 -- around 45% higher than its recent price. The analysts wrote ...

New Relaxed Yet Refined Dining Options Added: Wellness-Focused Aquamar Kitchen; an Al Fresco Pizzeria and an All-Day Ice Cream Parlor MIAMI, May 29, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise line, has welcomed its 1,250-guest ship, Marina, back into service after undergoing an all-encompassing refurbishment, which includes the addition of three new dining options. Guests aboard Marina can now enjoy the culinary delights of Aquamar Kitchen, the new wel ...

Shares of Norwegian Cruise Line Holdings (NCLH) advanced in intraday trading Tuesday as Mizuho Securities upgraded the stock and raised the price target on the company's cost-cutting and a positive industry outlook. Key Takeaways He added that during its recent investor day, the company "coherently outlined a path to substantially higher earnings." Norwegian Cruise Line Holdings shares were up 4.3% to $16.68 as of 11:47 a.m. ET Tuesday but still are down almost 17% in 2024. Norwegian Cruise Line Holdings sh ...

Key Points Norwegian Cruise Line Holdings Ltd. NYSE: NCLH raised its full-year 2024 EPS guidance for the second time in May 2024 at its Investor Day. While the cruise industry was the epicenter during the COVID-19 pandemic, it's one of the remaining industries to experience positive normalization as the travel boom continues to flourish. The consumer discretionary sector giant, along with Carnival Co. and plc NYSE: CCL, is trying to catch up to Royal Caribbean Ltd. NYSE: RCL in terms of profits and performa ...

Industry Overview - The cruise industry experienced strong growth in 2024, with most operators reporting record bookings in Q1 earnings reports [16] - The number of ocean-going passengers is expected to rise by 12.6% in 2024, with growth normalizing at a ~4.4% CAGR between 2024 and 2026, aligning with pre-pandemic growth rates of 4.5% [16] Company Performance - Norwegian Cruise Line Holdings (NCLH) underperformed in 2023, delivering low double-digit returns compared to Carnival Corp's 40% and Royal Caribbean's at least twice that return [1] - NCLH's stock continued to underperform in 2024, languishing at the bottom after missing consensus growth targets [2] - NCLH's 2024 Investor Day showed improvements over previous FY24 projections, with updated guidance indicating better net yield growth [3][6][7] Financial Guidance - NCLH's initial FY24 net yield growth projection was 5.4%, later revised to 6.4% in Q1, and finally updated to 7.2% in the Investor Day presentation [6][7][8] - Adjusted EBITDA for FY24 is projected at ~$2.30 billion, representing a margin expansion of 270 basis points [9] - Revenue is expected to reach at least $9 billion in 2024 based on updated net yield growth figures [9] Growth Initiatives - NCLH has ordered 13 new ships, with 4 expected to replace aging ships in 2024, increasing passenger capacity by at least 9% per ship [11] - The Oceania cruise ship capacity is expected to increase by over 20%, and the luxury Regent line by 13%, targeting high-net-worth individuals [11] - Investments in private islands in the Bahamas/Belize region, similar to Royal Caribbean's strategy, aim to expand onboard spending opportunities [12][13] Revenue Drivers - Onboard revenue accounted for ~49% of NCLH's total revenue in 2023, with passengers spending relatively higher once onboard [18] - 84% of NCLH's bookings originate from the USA/Canada region, with a mix of GenX and Millennial higher-income passengers driving higher spending [17] Capital Structure and Risks - NCLH carries ~$14 billion in debt and ~$500 million in cash, with a significant debt load that has doubled post-pandemic [22][23] - Management aims to reduce debt leverage to pre-pandemic levels by 2026, with guidance on raising cash flow targets and improving interest coverage ratios [24][25] Valuation and Outlook - Revenue growth is projected at 9.4% in 2024, 7.5% in 2025, and 9.9% in 2026, with adjusted EBITDA margins expanding to 24.5% in 2024 and 29.9% in 2025 [27][28] - Despite high debt servicing costs, NCLH is estimated to have 24-26% upside, warranting a Buy rating based on strong demand and unique customer demographics [29][31]