Viking Holdings Ltd. (NYSE:VIK) Receives $68.00 Average Price Target from Analysts

Shares of Viking Holdings Ltd. (NYSE:VIK) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $68.00.

VIK has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Barclays upped their target price on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 20th. Jefferies Financial Group upgraded shares of Viking from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Monday, December 15th. Mizuho set a $59.00 price target on Viking in a report on Wednesday, November 19th. Finally, The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and raised their price objective for the company from $66.00 to $78.00 in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently made changes to their positions in VIK. Activest Wealth Management raised its position in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Viking during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its position in shares of Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Viking during the 3rd quarter valued at $26,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Up 3.2%

VIK opened at $79.48 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. The business has a 50 day simple moving average of $72.51 and a 200-day simple moving average of $65.31. The stock has a market capitalization of $35.22 billion, a P/E ratio of 37.14, a P/E/G ratio of 0.67 and a beta of 2.07. Viking has a 12 month low of $31.79 and a 12 month high of $79.62.

Viking (NYSE:VIK) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm 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 earnings per share. Viking’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities analysts anticipate that Viking will post 1.49 earnings per share for the current fiscal year.

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.