Viking Holdings Ltd. (NYSE:VIK) Receives $58.93 Consensus Target Price from Analysts

Viking Holdings Ltd. (NYSE:VIK) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $58.9286.

VIK has been the subject of several analyst reports. UBS Group increased their price target on shares of Viking from $55.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Loop Capital reissued a “buy” rating on shares of Viking in a research note on Wednesday, May 21st. Bank of America increased their price target on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Truist Financial increased their price target on shares of Viking from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Viking from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in VIK. Pittenger & Anderson Inc. acquired a new stake in Viking during the 2nd quarter worth approximately $27,000. Private Trust Co. NA acquired a new stake in Viking during the 2nd quarter worth approximately $29,000. Costello Asset Management INC acquired a new stake in shares of Viking in the 1st quarter valued at $33,000. Harbour Investments Inc. raised its holdings in shares of Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after purchasing an additional 346 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Viking in the 2nd quarter valued at $53,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Up 0.3%

VIK opened at $61.84 on Monday. Viking has a twelve month low of $31.79 and a twelve month high of $65.37. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The company has a 50-day moving average price of $59.93 and a 200 day moving average price of $49.71. The company has a market cap of $27.41 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 0.73 and a beta of 2.40.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts expect that Viking will post 1.49 earnings per share 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.