Viking Holdings Ltd. (NYSE:VIK) Receives $98.18 Consensus PT from Analysts

Viking Holdings Ltd. (NYSE:VIK) has been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $102.1111.

Several research analysts have recently issued reports on VIK shares. Morgan Stanley increased their price target on Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Loop Capital started coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. Weiss Ratings lowered shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group raised their target price on shares of Viking from $95.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday.

Viking Stock Performance

VIK opened at $97.24 on Friday. The business’s 50 day moving average is $93.51 and its 200-day moving average is $81.40. The stock has a market cap of $43.34 billion, a PE ratio of 36.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.48. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. Viking has a twelve month low of $55.55 and a twelve month high of $105.76.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts predict that Viking will post 3.32 earnings per share for the current year.

Insider Buying and Selling at Viking

In other news, EVP Richard Marnell sold 6,120 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the transaction, the executive vice president directly owned 110,930 shares in the company, valued at $10,460,699. This trade represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Institutional Investors Weigh In On Viking

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Viking in the second quarter valued at $303,000. Daiwa Securities Group Inc. acquired a new stake in shares of Viking in the second quarter valued at $922,000. State Street Corp boosted its stake in Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after buying an additional 1,806,920 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its stake in Viking by 275.0% during the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock valued at $1,612,000 after buying an additional 22,188 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.