Viking Holdings Ltd (NYSE:VIK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Viking Holdings Ltd (NYSE:VIK) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $49.00.

Several equities analysts have recently weighed in on VIK shares. Barclays cut their price objective on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Redburn Atlantic raised Viking to a “hold” rating in a research report on Tuesday, April 1st. Truist Financial boosted their price target on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. Jefferies Financial Group began coverage on Viking in a report on Monday, March 31st. They set a “hold” rating and a $45.00 target price on the stock. Finally, UBS Group upped their price objective on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th.

Viking Stock Down 3.0%

Shares of VIK stock opened at $47.30 on Friday. The stock has a 50-day moving average price of $42.86 and a 200 day moving average price of $44.69. The firm has a market cap of $20.41 billion and a price-to-earnings ratio of 38.45. Viking has a 12 month low of $30.42 and a 12 month high of $53.14.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same quarter last year, the business posted ($1.21) EPS. Viking’s quarterly revenue was up 24.9% on a year-over-year basis. Sell-side analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Viking

A number of institutional investors have recently modified their holdings of VIK. Norges Bank bought a new stake in shares of Viking during the 4th quarter worth $245,038,000. Select Equity Group L.P. increased its stake in shares of Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after buying an additional 3,658,225 shares during the period. Capital Research Global Investors grew its stake in Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after purchasing an additional 2,492,724 shares during the period. Two Sigma Advisers LP grew its stake in Viking by 4,840.2% during the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock worth $102,303,000 after purchasing an additional 2,274,900 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock worth $105,092,000 after acquiring an additional 2,270,075 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.