Viking Holdings Ltd. (NYSE:VIK) Receives $68.00 Consensus Price Target from Brokerages

Shares of Viking Holdings Ltd. (NYSE:VIK) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. One 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $68.00.

VIK has been the subject of a number of research reports. Mizuho set a $59.00 target price on shares of Viking in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Morgan Stanley increased their target price on Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Bank of America lifted their price target on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Citigroup increased their price objective on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th.

Viking Stock Performance

Shares of NYSE:VIK opened at $75.17 on Thursday. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. Viking has a 1 year low of $31.79 and a 1 year high of $78.81. The firm has a market capitalization of $33.31 billion, a PE ratio of 35.13, a P/E/G ratio of 0.66 and a beta of 2.07. The business’s 50 day moving average price is $71.95 and its 200-day moving average price is $64.92.

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

Institutional Investors Weigh In On Viking

A number of institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking during the third quarter valued at approximately $26,000. Pittenger & Anderson Inc. acquired a new position in Viking during the 2nd quarter worth $27,000. Activest Wealth Management lifted its stake in shares of Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Viking in the 4th quarter worth $28,000. Finally, Private Trust Co. NA acquired a new stake in Viking in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.