Viking Holdings Ltd. (NYSE:VIK) Receives Consensus Rating of “Moderate Buy” from Analysts

Viking Holdings Ltd. (NYSE:VIK) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $66.00.

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Truist Financial increased their price objective on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their target price on Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Wells Fargo & Company lifted their price objective on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th.

Institutional Investors Weigh In On Viking

Large investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking during the 3rd quarter worth $26,000. Pittenger & Anderson Inc. acquired a new stake in Viking in the second quarter valued at $27,000. Private Trust Co. NA purchased a new stake in Viking during the 2nd quarter worth about $29,000. CI Investments Inc. boosted its position in shares of Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Viking by 342.0% in the 3rd quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $41,000 after acquiring an additional 513 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Price Performance

VIK opened at $73.35 on Wednesday. The stock’s 50-day moving average price is $64.50 and its 200 day moving average price is $60.49. Viking has a 12-month low of $31.79 and a 12-month high of $74.61. The firm has a market cap of $32.50 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 0.84 and a beta of 2.12. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68.

Viking (NYSE:VIK) last released its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.Viking’s revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. As a group, sell-side analysts expect that Viking will post 1.49 earnings per share for the current year.

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.