Brokerages Set Viking Holdings Ltd (NYSE:VIK) Price Target at $46.33

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $46.33.

VIK has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Barclays set a $46.00 price target on shares of Viking and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. The Goldman Sachs Group initiated coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price objective for the company. Loop Capital began coverage on Viking in a research note on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price objective on the stock. Finally, Morgan Stanley cut their price target on Viking from $53.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday.

Viking Stock Performance

Shares of NYSE VIK traded down $0.10 during mid-day trading on Monday, reaching $41.32. The company's stock had a trading volume of 1,236,773 shares, compared to its average volume of 2,427,665. The stock has a market capitalization of $17.83 billion and a P/E ratio of 159.10. Viking has a 1-year low of $25.71 and a 1-year high of $53.14. The stock has a 50-day moving average of $47.19 and a two-hundred day moving average of $43.13.

Remove Ads

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue was up 20.5% on a year-over-year basis. Analysts predict that Viking will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently made changes to their positions in VIK. Avior Wealth Management LLC raised its position in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after acquiring an additional 285 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock worth $408,000 after purchasing an additional 491 shares during the last quarter. Commerce Bank raised its position in shares of Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock worth $376,000 after purchasing an additional 625 shares during the last quarter. Merit Financial Group LLC lifted its stake in Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after buying an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after buying an additional 1,165 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.