Viking Holdings Ltd. (NYSE:VIK) Receives $59.29 Consensus Price Target from Brokerages

Viking Holdings Ltd. (NYSE:VIK) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $58.9333.

A number of research analysts have commented on the stock. Jefferies Financial Group increased their price target on shares of Viking from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Barclays increased their price target on shares of Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Morgan Stanley increased their price target on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Mizuho assumed coverage on shares of Viking in a research report on Friday. They set an “underperform” rating and a $54.00 price target on the stock. Finally, Truist Financial increased their price target on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, September 19th.

Viking Stock Performance

NYSE:VIK opened at $58.21 on Friday. The business’s 50-day moving average price is $60.89 and its two-hundred day moving average price is $52.02. Viking has a twelve month low of $31.79 and a twelve month high of $65.37. The stock has a market cap of $25.80 billion, a P/E ratio of 31.46, a PEG ratio of 0.69 and a beta of 2.24. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

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). The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. As a group, equities analysts predict that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of large investors have recently bought and sold shares of the stock. Congress Asset Management Co. purchased a new position in Viking in the 3rd quarter worth approximately $65,041,000. Harbour Capital Advisors LLC increased its stake in Viking by 10.0% in the 3rd quarter. Harbour Capital Advisors LLC now owns 16,700 shares of the company’s stock worth $994,000 after purchasing an additional 1,520 shares during the period. Orser Capital Management LLC purchased a new position in Viking in the 3rd quarter worth approximately $1,685,000. Osaic Holdings Inc. increased its stake in Viking by 62.4% in the 2nd quarter. Osaic Holdings Inc. now owns 32,144 shares of the company’s stock worth $1,713,000 after purchasing an additional 12,347 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new position in Viking in the 2nd quarter worth approximately $768,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.