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

Shares of Viking Holdings Ltd. (NYSE:VIK) have received an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $92.6429.

A number of analysts have recently commented on the company. Stifel Nicolaus set a $105.00 price target on Viking in a research note on Friday, May 15th. Mizuho increased their target price on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. UBS Group increased their target price on Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and increased their target price for the stock from $75.00 to $102.00 in a research note on Friday. Finally, Susquehanna increased their target price on Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, May 15th.

Viking Price Performance

NYSE VIK opened at $84.31 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The stock has a market capitalization of $37.57 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 1.21 and a beta of 1.57. The company has a 50 day moving average price of $78.04 and a two-hundred day moving average price of $72.87. Viking has a 12-month low of $42.20 and a 12-month high of $92.00.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted ($0.24) EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities analysts predict that Viking will post 3.28 earnings per share for the current fiscal year.

Insider Transactions at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in VIK. Activest Wealth Management increased its holdings in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Viking in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its holdings in 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 purchasing an additional 316 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in 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 purchasing an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Viking in the third quarter worth approximately $26,000. 98.84% of the stock is 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.