Viking (NYSE:VIK) Sets New 12-Month High – Still a Buy?

Viking Holdings Ltd. (NYSE:VIK) shares reached a new 52-week high during trading on Friday . The company traded as high as $94.99 and last traded at $92.7770, with a volume of 118458 shares trading hands. The stock had previously closed at $93.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VIK shares. The Goldman Sachs Group increased their price target on Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Loop Capital started coverage on Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price target for the company. Mizuho raised their target price on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a report on Monday. Finally, Stifel Nicolaus set a $105.00 price objective on Viking in a report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

Viking Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The company has a 50 day moving average price of $83.39 and a 200 day moving average price of $75.97. The company has a market capitalization of $41.76 billion, a P/E ratio of 34.83, a P/E/G ratio of 1.28 and a beta of 1.59.

Viking (NYSE:VIK) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted ($0.24) EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts predict that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Insider Activity at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Trading of Viking

Hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in Viking during the 3rd quarter worth approximately $26,000. Activest Wealth Management lifted its holdings in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Viking during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its holdings in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares during the last quarter. 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.