Viking Holdings Ltd. (NYSE:VIK) Given Average Recommendation of “Hold” by Brokerages

Shares of Viking Holdings Ltd. (NYSE:VIK) have been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $61.3750.

A number of analysts recently issued reports on VIK shares. Jefferies Financial Group reiterated a “hold” rating and set a $60.00 price objective on shares of Viking in a research note on Thursday, November 20th. Morgan Stanley upped their price target on Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Truist Financial raised their price objective 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. Barclays upped their target price on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Viking in a report on Thursday, November 13th.

Hedge Funds Weigh In On Viking

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking in the 3rd quarter valued at about $26,000. Pittenger & Anderson Inc. purchased a new position in shares of Viking during the second quarter worth about $27,000. Private Trust Co. NA bought a new position in shares of Viking in the second quarter worth approximately $29,000. Costello Asset Management INC purchased a new stake in Viking in the first quarter valued at approximately $33,000. Finally, CI Investments Inc. raised its stake in Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Performance

NYSE VIK opened at $66.78 on Friday. The firm has a market cap of $29.59 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.20. 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 company’s 50 day moving average is $60.73 and its 200-day moving average is $56.97. Viking has a 12-month low of $31.79 and a 12-month high of $68.60.

Viking (NYSE:VIK) last released its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. Viking had a net margin of 15.53% and a return on equity of 716.92%. Viking’s revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Sell-side analysts predict that Viking will post 1.49 earnings per share for the current 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.