Viking Holdings Ltd. (NYSE:VIK) Given Average Rating of “Moderate Buy” by Analysts

Viking Holdings Ltd. (NYSE:VIK) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $67.1875.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Citigroup raised their price target on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, UBS Group increased their target price on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the 3rd quarter worth approximately $26,000. Pittenger & Anderson Inc. acquired a new position in Viking in the second quarter worth about $27,000. Private Trust Co. NA bought a new position in Viking during the second quarter worth about $29,000. CI Investments Inc. boosted its holdings in Viking by 53.1% during 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. Finally, GAMMA Investing LLC grew its stake in shares of Viking by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $39,000 after purchasing an additional 334 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Performance

Viking stock opened at $69.46 on Friday. The firm’s 50 day simple moving average is $68.22 and its 200-day simple moving average is $62.71. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market cap of $30.78 billion, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 0.61 and a beta of 2.07.

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

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.