Viking Holdings Ltd (NYSE:VIK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Viking Holdings Ltd (NYSE:VIK) has earned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.09.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on Viking from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, June 3rd. Melius began coverage on Viking in a research report on Wednesday, May 22nd. They set a “buy” rating and a $37.00 target price on the stock. HSBC began coverage on Viking in a report on Tuesday. They issued a “buy” rating and a $36.00 target price on the stock. Bank of America started coverage on Viking in a research note on Tuesday, May 28th. They set a “buy” rating and a $35.00 price target for the company. Finally, UBS Group assumed coverage on shares of Viking in a research note on Tuesday, May 28th. They issued a “buy” rating and a $35.00 price objective on the stock.

Viking Trading Up 3.9 %

Shares of VIK stock opened at $33.97 on Friday. The business’s fifty day simple moving average is $30.28. Viking has a 1-year low of $25.71 and a 1-year high of $34.11.

Viking (NYSE:VIK) last announced its quarterly earnings results on Wednesday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.43. The company had revenue of $718.16 million during the quarter, compared to analysts’ expectations of $705.70 million. Equities analysts predict that Viking will post 1.12 EPS for the current fiscal year.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.