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

Shares of Viking Holdings Ltd. (NYSE:VIK) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $92.6429.

VIK has been the subject of several recent analyst reports. Stifel Nicolaus set a $105.00 price objective on shares of Viking in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a research note on Saturday. Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. UBS Group raised their price objective on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, The Goldman Sachs Group raised their price objective on shares of Viking from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 15th.

Viking Stock Up 0.5%

VIK stock opened at $84.31 on Friday. The stock has a market capitalization of $37.57 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.21 and a beta of 1.57. The firm has a 50-day simple moving average of $78.04 and a 200-day simple moving average of $72.87. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. Viking has a 52 week low of $42.20 and a 52 week high of $92.00.

Viking (NYSE:VIK) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted ($0.24) EPS. Viking’s revenue was up 17.5% on a year-over-year basis. Equities analysts forecast that Viking will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the sale, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Federated Hermes Inc. grew its stake in shares of Viking by 381.8% in the 3rd 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 during the last quarter. Norges Bank purchased a new position in shares of Viking in the fourth quarter worth approximately $372,297,000. Invesco Ltd. increased its position in shares of Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after acquiring an additional 3,471,244 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after acquiring an additional 3,364,265 shares in the last quarter. Finally, Dream Peak Capital Ltd purchased a new position in shares of Viking in the fourth quarter worth approximately $223,744,000. 98.84% of the stock is currently owned by institutional investors.

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.