Viking (NYSE:VIK) Hits New 12-Month High – Should You Buy?

Shares of Viking Holdings Ltd. (NYSE:VIK) reached a new 52-week high during trading on Monday . The stock traded as high as $74.00 and last traded at $73.5280, with a volume of 104002 shares traded. The stock had previously closed at $73.27.

Analyst Upgrades and Downgrades

A number of research firms have commented on VIK. Wells Fargo & Company raised their target price on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $80.00 in a research report on Monday, December 15th. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Monday. Finally, Truist Financial lifted their target price on shares of Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research report on Tuesday, December 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Viking Trading Up 1.0%

The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. The firm’s 50 day simple moving average is $63.76 and its 200-day simple moving average is $59.97. The company has a market capitalization of $32.73 billion, a PE ratio of 34.51, a P/E/G ratio of 0.85 and a beta of 2.12.

Viking (NYSE:VIK) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Viking

Several large investors have recently bought and sold shares of VIK. CI Investments Inc. lifted its stake in shares of Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the period. Simon Quick Advisors LLC raised its holdings in Viking by 1.5% during the third quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company’s stock worth $1,065,000 after purchasing an additional 249 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Viking by 2.4% during the second quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company’s stock worth $633,000 after purchasing an additional 274 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Viking by 20.1% in the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after purchasing an additional 332 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Viking during the third quarter worth approximately $26,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.