Viking (NYSE:VIK) Rating Lowered to Hold at Wall Street Zen

Viking (NYSE:VIK) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

VIK has been the topic of several other research reports. Mizuho boosted their price target on Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Barclays boosted their target price on shares of Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Morgan Stanley upped their price target on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Citigroup lifted their price objective on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. Ten 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.21.

Viking Trading Down 0.0%

NYSE:VIK opened at $68.57 on Friday. The business has a 50 day moving average price of $73.33 and a two-hundred day moving average price of $67.75. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The company has a market cap of $30.56 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. Viking has a twelve month low of $31.79 and a twelve month high of $81.48.

Viking (NYSE:VIK) last announced its earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. The business had revenue of $1.72 billion during the quarter. As a group, analysts expect that Viking will post 1.49 EPS for the current fiscal year.

Institutional Trading of Viking

A number of institutional investors have recently bought and sold shares of VIK. NewEdge Advisors LLC boosted its stake in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after buying an additional 690 shares during the period. JPMorgan Chase & Co. boosted its stake in Viking by 74.6% in the second quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock valued at $78,193,000 after buying an additional 626,973 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Viking by 28.7% in the 2nd quarter. Legal & General Group Plc now owns 47,710 shares of the company’s stock valued at $2,543,000 after purchasing an additional 10,637 shares in the last quarter. Rhumbline Advisers boosted its position in Viking by 3,277.6% in the second quarter. Rhumbline Advisers now owns 216,845 shares of the company’s stock valued at $11,556,000 after buying an additional 210,425 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Viking by 0.7% during the 2nd quarter. American Century Companies Inc. now owns 881,213 shares of the company’s stock valued at $46,960,000 after acquiring an additional 6,166 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

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.