Viking (NYSE:VIK) Sets New 52-Week High on Analyst Upgrade

Viking Holdings Ltd. (NYSE:VIK) reached a new 52-week high on Monday after Truist Financial raised their price target on the stock from $50.00 to $55.00. Truist Financial currently has a hold rating on the stock. Viking traded as high as $58.70 and last traded at $58.50, with a volume of 656346 shares trading hands. The stock had previously closed at $58.33.

VIK has been the topic of several other reports. Northcoast Research assumed coverage on Viking in a research report on Friday, April 25th. They issued a “buy” rating and a $51.00 target price on the stock. Melius Research set a $51.00 target price on Viking in a research report on Monday, April 21st. Loop Capital reissued a “buy” rating on shares of Viking in a research note on Wednesday, May 21st. The Goldman Sachs Group decreased their price target on Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Finally, Redburn Atlantic raised Viking to a “hold” rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.07.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in VIK. Costello Asset Management INC purchased a new position in shares of Viking in the 1st quarter worth approximately $33,000. Harbour Investments Inc. boosted its stake in shares of Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after buying an additional 346 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares during the period. Quarry LP bought a new stake in shares of Viking in the 4th quarter worth approximately $66,000. Finally, Orion Capital Management LLC bought a new stake in shares of Viking in the 4th quarter worth approximately $110,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Trading Down 0.7%

The company has a market cap of $25.68 billion, a P/E ratio of 47.11, a PEG ratio of 0.71 and a beta of 2.38. The business’s fifty day moving average is $49.83 and its 200 day moving average is $46.13.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $897.06 million for the quarter, compared to analysts’ expectations of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.21) EPS. As a group, research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

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.