Viking Holdings Ltd. (NYSE:VIK) Given Consensus Rating of “Moderate Buy” by Analysts

Viking Holdings Ltd. (NYSE:VIK) has received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $58.9333.

VIK has been the subject of several research reports. Truist Financial increased their price objective on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Wednesday, October 8th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Bank of America boosted their price objective on Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley increased their target price on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th.

Viking Stock Performance

NYSE VIK opened at $60.52 on Tuesday. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The company has a market capitalization of $26.82 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 0.71 and a beta of 2.20. Viking has a 52-week low of $31.79 and a 52-week high of $65.37. The company has a 50-day simple moving average of $61.40 and a 200 day simple moving average of $54.54.

Viking (NYSE:VIK) last released its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. On average, research analysts predict that Viking will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VIK. Invesco Ltd. lifted its position in shares of Viking by 400.3% during the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after acquiring an additional 8,462,947 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after purchasing an additional 6,715,666 shares during the period. Norges Bank bought a new stake in shares of Viking during the 2nd quarter valued at $236,911,000. Massachusetts Financial Services Co. MA lifted its holdings in Viking by 80.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after purchasing an additional 3,615,969 shares in the last quarter. Finally, Holocene Advisors LP boosted its stake in Viking by 57.9% in the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after purchasing an additional 2,092,729 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Company Profile

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.