Brokerages Set Viking Holdings Ltd. (NYSE:VIK) Price Target at $67.19

Shares of Viking Holdings Ltd. (NYSE:VIKGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.1875.

A number of equities research analysts have recently weighed in on VIK shares. Wells Fargo & Company boosted their target price on Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 20th. Bank of America increased their target price on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Truist Financial increased their price target on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. upped their price objective on Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a report on Monday, December 29th.

View Our Latest Analysis on Viking

Viking Stock Down 1.6%

VIK opened at $68.35 on Friday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. The business has a 50 day moving average price of $68.58 and a 200 day moving average price of $62.96. The firm has a market cap of $30.29 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 0.61 and a beta of 2.07. Viking has a twelve month low of $31.79 and a twelve month high of $74.61.

Viking (NYSE:VIKGet Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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 business’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. Research analysts forecast that Viking will post 1.49 EPS for the current year.

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Institutional Investors Weigh In On Viking

Institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in Viking in the third quarter valued at $26,000. Pittenger & Anderson Inc. bought a new position in Viking during the second quarter valued at about $27,000. Private Trust Co. NA bought a new position in Viking during the second quarter valued at $29,000. CI Investments Inc. increased its stake in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Viking by 158.3% during the fourth quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Viking (NYSE:VIK)

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