#5 - Norwegian Cruise Lines (NYSE:NCLH)
Norwegian Cruise Lines (NCLH) RSI Score = 45.17
There are conflicting reports regarding the liquidity of Norwegian Cruise Lines (NASDAQ:NCLH). Company CEO Frank Del Rio told Barron’s that the company has enough cash to last more than 18 months even if the cruise line has zero dollars in revenue. Said, Del Rio, “This is a very strong company that could have withstood just about anything other than a worldwide pandemic where the government has closed us down for at least 3 ½ months and possibly longer.”
However in an 8-K filing that the company submitted to the SEC, Norwegian acknowledged that enough uncertainty surrounds the future outlook. For that reason, the company floated the possibility that it may have to file for bankruptcy.
NCLH stock dropped nearly 20% on the news, but is stabilizing. At this point, it’s hard to buy any cruise line stock. However, it’s hard to imagine a future that does not include cruising at some level. And a company that was well run going into the pandemic should be in a good position as we head out of it.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.
Read More - Current Price
- $26.86
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $27.60 (2.8% Upside)
