Viking Holdings Ltd. (NYSE:VIK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Viking Holdings Ltd. (NYSE:VIK) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $67.1875.

A number of equities research analysts have commented on VIK shares. UBS Group increased their price objective on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Bank of America increased their price target on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Citigroup increased their price objective on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $80.00 in a report on Monday, December 15th. Finally, Morgan Stanley raised their target price on shares of Viking from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday.

Institutional Investors Weigh In On Viking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIK. Invesco Ltd. boosted its holdings in Viking by 400.3% during the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after buying an additional 8,462,947 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Viking by 381.8% during the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after purchasing an additional 6,715,666 shares in the last quarter. Norges Bank acquired a new position in shares of Viking in the 2nd quarter valued at $236,911,000. Massachusetts Financial Services Co. MA lifted its holdings in Viking by 80.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after acquiring an additional 3,615,969 shares in the last quarter. Finally, Dream Peak Capital Ltd bought a new stake in shares of Viking in the fourth quarter worth about $223,744,000. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of Viking stock opened at $69.46 on Friday. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 0.61 and a beta of 2.07. The firm’s 50-day moving average price is $68.22 and its two-hundred day moving average price is $62.71. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. Viking has a 1-year low of $31.79 and a 1-year high of $74.61.

Viking (NYSE:VIK) last announced its earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.89 EPS. Viking’s revenue was up 19.1% compared to the same quarter last year. On average, equities analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

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.