Viking Holdings Ltd (NYSE:VIK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $42.85.

Several brokerages recently issued reports on VIK. Barclays restated an "equal weight" rating and issued a $49.00 price target on shares of Viking in a research report on Friday, December 13th. Citigroup began coverage on Viking in a research note on Thursday, December 19th. They set a "buy" rating and a $54.00 price target for the company. Truist Financial lifted their price objective on shares of Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Finally, Bank of America raised their target price 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.

Institutional Trading of Viking

A number of institutional investors have recently bought and sold shares of VIK. Empirical Asset Management LLC lifted its stake in Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company's stock valued at $341,000 after buying an additional 550 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Viking during the third quarter valued at $27,000. Fruth Investment Management increased its position in Viking by 1.4% during the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company's stock worth $2,505,000 after purchasing an additional 1,000 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in Viking in the 2nd quarter valued at about $35,000. Finally, Sunbelt Securities Inc. purchased a new position in Viking in the 2nd quarter valued at about $68,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Trading Up 0.8 %

NYSE VIK traded up $0.35 during trading on Wednesday, reaching $42.96. The company's stock had a trading volume of 2,559,119 shares, compared to its average volume of 2,258,404. The business's fifty day moving average price is $44.57 and its 200-day moving average price is $38.32. Viking has a twelve month low of $25.71 and a twelve month high of $47.62.

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.