Wall Street Zen Downgrades Viking (NYSE:VIK) to Hold

Viking (NYSE:VIK) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

VIK has been the subject of a number of other reports. Citigroup boosted their target price on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their price target on shares of Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Morgan Stanley lifted their price objective on shares of Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Bank of America boosted their price objective on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Truist Financial raised their target price on shares of Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.21.

Viking Trading Down 4.2%

Shares of NYSE VIK opened at $68.57 on Friday. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $81.48. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.32 and a beta of 1.96. The business’s 50 day moving average price is $73.33 and its 200-day moving average price is $67.69.

Viking (NYSE:VIK) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The company had revenue of $1.72 billion during the quarter. On average, sell-side analysts expect that Viking will post 1.49 earnings per share for the current year.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors purchased a new position in shares of Viking in the 4th quarter valued at $1,151,000. Virtu Financial LLC purchased a new stake in shares of Viking during the 4th quarter worth $386,000. Invesco Ltd. boosted its position in Viking by 4.1% during the fourth quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after purchasing an additional 570,672 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Viking during the fourth quarter valued at about $2,885,000. Finally, Blue Chip Partners LLC grew its stake in Viking by 16.9% in the fourth quarter. Blue Chip Partners LLC now owns 14,982 shares of the company’s stock valued at $1,070,000 after purchasing an additional 2,169 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

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.