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

Viking Holdings Ltd. (NYSE:VIK) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $107.50.

VIK has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Viking from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. Loop Capital started coverage on Viking in a report on Monday, June 1st. They set a “buy” rating and a $108.00 target price on the stock. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. The Goldman Sachs Group upped their price target on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Viking in a research report on Wednesday.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the sale, the executive vice president owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 17,566 shares of company stock worth $1,640,166 in the last ninety days.

Hedge Funds Weigh In On Viking

Institutional investors and hedge funds have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC acquired a new stake in Viking during the 1st quarter worth $25,000. Newbridge Financial Services Group Inc. acquired a new position in Viking in the third quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new position in Viking in the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC increased its holdings in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after acquiring an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

VIK opened at $88.53 on Monday. The company has a fifty day moving average price of $100.00 and a two-hundred day moving average price of $87.31. The firm has a market capitalization of $39.46 billion, a PE ratio of 29.41, a P/E/G ratio of 1.04 and a beta of 1.50. Viking has a 52 week low of $56.37 and a 52 week high of $110.09. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, analysts anticipate that Viking will post 3.2 earnings per share for the current year.

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.