Viking Holdings Ltd (NYSE:VIK) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seventeen analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $46.18.

A number of brokerages have issued reports on VIK. Barclays set a $46.00 target price on Viking and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Redburn Atlantic upgraded shares of Viking to a "hold" rating in a report on Tuesday, April 1st. Jefferies Financial Group assumed coverage on shares of Viking in a report on Monday, March 31st. They set a "hold" rating and a $45.00 price target for the company. Finally, Truist Financial lifted their price objective on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th.

Institutional Trading of Viking

Large investors have recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in Viking by 64.5% during the 3rd quarter. Stifel Financial Corp now owns 12,428 shares of the company's stock worth $434,000 after purchasing an additional 4,875 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Viking in the 3rd quarter valued at approximately $187,000. Franklin Resources Inc. lifted its stake in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after acquiring an additional 836,353 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Viking by 113.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company's stock worth $4,227,000 after acquiring an additional 64,502 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in shares of Viking by 50.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company's stock worth $555,000 after acquiring an additional 4,320 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Viking Stock Down 0.6 %

VIK stock traded down $0.26 during trading hours on Friday, hitting $39.89. The company's stock had a trading volume of 1,696,317 shares, compared to its average volume of 2,530,050. The stock has a 50 day moving average price of $43.03 and a two-hundred day moving average price of $43.84. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The company has a market capitalization of $17.21 billion and a PE ratio of 153.43.

Viking (NYSE:VIK - Get Free Report) last posted its 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking's revenue for the quarter was up 20.5% compared to the same quarter last year. Sell-side analysts expect that Viking will post 1.49 earnings per share for the current year.

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.