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

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $41.92.

Several equities analysts have weighed in on VIK shares. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Barclays reiterated an "equal weight" rating and issued a $49.00 price objective on shares of Viking in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, September 4th. Finally, Truist Financial upped their price target on shares of Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd.

Viking Stock Performance

Shares of VIK stock traded down $0.69 on Friday, reaching $45.49. 1,310,828 shares of the company's stock traded hands, compared to its average volume of 2,654,939. Viking has a 12-month low of $25.71 and a 12-month high of $47.62. The business's 50 day moving average price is $42.51 and its two-hundred day moving average price is $36.71.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC bought a new position in shares of Viking in the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new position in Viking in the 2nd quarter worth $35,000. American National Bank acquired a new position in Viking during the 2nd quarter worth $68,000. Sunbelt Securities Inc. bought a new stake in Viking during the second quarter valued at about $68,000. Finally, SG Americas Securities LLC bought a new stake in Viking during the third quarter valued at about $181,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.