Viking (NYSE:VIK) Reaches New 1-Year High - Here's What Happened

Viking Holdings Ltd (NYSE:VIK - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $44.29 and last traded at $44.29, with a volume of 3657 shares. The stock had previously closed at $43.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VIK shares. Morgan Stanley increased their target price on shares of Viking from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 20th. Wells Fargo & Company raised their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th. Barclays boosted their target price on Viking from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd. Bank of America increased their price target on Viking from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and a consensus target price of $37.50.

Viking Stock Up 1.9 %

The firm's 50 day simple moving average is $36.52.

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 the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. Research analysts predict that Viking Holdings Ltd will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Large investors have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC purchased a new stake in Viking during the 2nd quarter valued at approximately $2,226,000. U S Global Investors Inc. acquired a new position in shares of Viking in the third quarter valued at approximately $1,169,000. International Assets Investment Management LLC purchased a new stake in shares of Viking during the third quarter worth approximately $2,222,000. Forest Avenue Capital Management LP acquired a new stake in shares of Viking during the second quarter worth $58,008,000. Finally, Canada Pension Plan Investment Board purchased a new position in Viking in the 2nd quarter valued at $2,063,879,000.

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.