Viking Holdings Ltd. (NYSE:VIK) Receives $107.50 Average PT from Brokerages

Viking Holdings Ltd. (NYSE:VIK) has earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $107.3333.

VIK has been the topic of several analyst reports. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and raised their target price for the company from $75.00 to $102.00 in a research report on Friday, May 22nd. Weiss Ratings raised Viking from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. The Goldman Sachs Group raised their price target on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 31st. Loop Capital began coverage on shares of Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 price objective on the stock. Finally, Susquehanna upped their price objective on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Friday, May 15th.

Viking Price Performance

NYSE VIK opened at $85.69 on Monday. Viking has a 52 week low of $56.37 and a 52 week high of $110.09. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The stock has a market cap of $38.19 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.41. The company has a 50-day moving average price of $98.36 and a two-hundred day moving average price of $87.66.

Viking (NYSE:VIK) last released 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. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Analysts forecast that Viking will post 3.2 EPS for the current year.

Insider Buying and Selling

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the sale, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 17,566 shares of company stock worth $1,640,166.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC acquired a new stake in Viking in the first quarter worth approximately $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Viking during the 3rd quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Viking during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC raised its stake in shares of Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after buying an additional 365 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

About Viking

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.