Shares of Viking Holdings Ltd. (NYSE:VIK – Get Free Report) have earned an average rating of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $106.83.
Several analysts have issued reports on VIK shares. BNP Paribas Exane reaffirmed an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Benchmark raised shares of Viking to a “strong-buy” rating in a research report on Friday, September 25th. Jefferies Financial Group boosted their price objective on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Truist Financial dropped their target price on shares of Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Finally, Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th.
Check Out Our Latest Research Report on Viking
Viking Stock Performance
Viking (NYSE:VIK – Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts predict that Viking will post 3.19 earnings per share for the current fiscal year.
Trending Headlines about Viking
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Viking took delivery of the Viking Sekhmet in Cairo, expanding its Nile River fleet. The additional ship should increase capacity in Egypt and support Viking’s strategy of growing its river-cruise and destination portfolio. Viking Expands River Fleet With New Nile Ship Viking Marks Delivery of Sekhmet in Cairo
- Positive Sentiment: The ship delivery was also reported by several travel-industry outlets, highlighting the Cairo-built vessel and reinforcing Viking’s continued investment in its Egyptian operations. Fleet expansion could benefit future bookings and revenue, assuming demand remains strong. Viking Takes Delivery of Newest Nile River Cruise Ship Cairo’s Massara Shipyard Delivers Viking Sekhmet
- Neutral Sentiment: Viking hosted travel advisors on a familiarization trip in France and named travel advisor Michael Consoli the “Godfather” of the new Sekhmet. These initiatives support trade relationships and marketing but are unlikely to materially affect near-term financial results. Viking Hosts Travel Advisors on Famil Trip in France Viking Names Top Global Travel Advisor Michael Consoli Godfather of New Viking Sekhmet
- Neutral Sentiment: Analysts collectively maintain a “Moderate Buy” view, offering some support for investor sentiment, although the rating alone does not indicate a new estimate or upgrade. Viking Receives Average Rating of Moderate Buy
Insider Transactions at Viking
In other Viking news, EVP Milton Hugh sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the sale, the executive vice president owned 585,571 shares in the company, valued at $50,107,310.47. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in VIK. Wellington Management Group LLP raised its stake in Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after acquiring an additional 5,341,580 shares during the period. Norges Bank acquired a new position in shares of Viking in the fourth quarter valued at $372,297,000. Bank of America Corp DE increased its holdings in shares of Viking by 41.0% in the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after purchasing an additional 647,606 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Viking by 406.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,844,499 shares of the company’s stock valued at $131,716,000 after purchasing an additional 1,480,604 shares during the period. Finally, Evercore Wealth Management LLC raised its position in shares of Viking by 0.9% in the first quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after purchasing an additional 14,465 shares during the period. 98.84% of the stock is currently owned by institutional investors.
About Viking
Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.
Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.
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