Viking Holdings Ltd (NYSE:VIK) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $37.17.

A number of research firms have weighed in on VIK. Truist Financial started coverage on Viking in a research report on Friday, June 21st. They set a "hold" rating and a $38.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Viking from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 20th. Bank of America lifted their target price on Viking from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Finally, Redburn Atlantic initiated coverage on Viking in a research note on Tuesday, May 28th. They issued a "neutral" rating and a $29.00 price target for the company.

Hedge Funds Weigh In On Viking

Large investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in Viking in the 2nd quarter worth about $35,000. American National Bank acquired a new stake in shares of Viking in the second quarter valued at approximately $68,000. Sunbelt Securities Inc. acquired a new stake in Viking during the second quarter worth approximately $68,000. Scientech Research LLC bought a new position in Viking during the 2nd quarter worth $200,000. Finally, O Neil Global Advisors Inc. acquired a new position in Viking in the 2nd quarter valued at $202,000.

Viking Price Performance

Shares of Viking stock traded up $0.16 during trading on Thursday, reaching $33.19. The stock had a trading volume of 791,824 shares, compared to its average volume of 1,710,583. Viking has a 52 week low of $25.71 and a 52 week high of $37.25. The business's fifty day simple moving average is $34.47.

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.