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Analysts Set Viking Holdings Ltd (NYSE:VIK) PT at $40.50

Viking logo with Transportation background

Viking Holdings Ltd (NYSE:VIK - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and ten 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 $40.50.

Several research firms recently issued reports on VIK. Wells Fargo & Company boosted their target price on shares of Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price objective on shares of Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Barclays boosted their target price on shares of Viking from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Bank of America raised their price target on shares of Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised shares of Viking from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $37.00 to $49.00 in a report on Tuesday, November 12th.

Read Our Latest Research Report on VIK

Viking Trading Down 0.7 %

NYSE:VIK traded down $0.30 during mid-day trading on Tuesday, hitting $45.09. The stock had a trading volume of 3,753,281 shares, compared to its average volume of 1,889,652. Viking has a twelve month low of $25.71 and a twelve month high of $46.25. The company's 50 day simple moving average is $38.02 and its 200 day simple moving average is $34.51.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. Sell-side analysts forecast that Viking will post 1.12 earnings per share for the current year.

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently modified their holdings of VIK. Canada Pension Plan Investment Board purchased a new stake in shares of Viking in the second quarter worth $2,063,879,000. Select Equity Group L.P. bought a new position in shares of Viking during the second quarter worth $145,989,000. Massachusetts Financial Services Co. MA bought a new position in shares of Viking during the second quarter worth $73,247,000. Forest Avenue Capital Management LP purchased a new stake in shares of Viking in the second quarter valued at $58,008,000. Finally, D1 Capital Partners L.P. increased its stake in Viking by 192.9% in the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock worth $90,231,000 after buying an additional 1,703,301 shares during the period.

About Viking

(Get Free Report

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.

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