Analysts Set Viking Holdings Ltd. (NYSE:VIK) Price Target at $98.18

Shares of Viking Holdings Ltd. (NYSE:VIK) have received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $100.1667.

VIK has been the topic of a number of analyst reports. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. raised their price objective on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Wells Fargo & Company raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $79.00 to $109.00 in a report on Monday, May 18th. Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, The Goldman Sachs Group upped their target price on shares of Viking from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the sale, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. This trade represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 17,566 shares of company stock valued at $1,640,166.

Institutional Trading of Viking

A number of institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB raised its position in Viking by 5.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 41,900 shares of the company’s stock worth $4,386,000 after buying an additional 2,100 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Viking in the second quarter worth approximately $151,000. Finivi Inc. purchased a new position in shares of Viking during the second quarter valued at approximately $242,000. LifeGoal Investments LLC purchased a new position in shares of Viking during the second quarter valued at approximately $316,000. Finally, Orser Capital Management LLC purchased a new position in shares of Viking during the second quarter valued at approximately $3,061,000. Institutional investors own 98.84% of the company’s stock.

Viking Stock Up 0.0%

VIK stock opened at $98.20 on Friday. The business has a 50 day moving average of $93.22 and a 200 day moving average of $81.29. The firm has a market cap of $43.76 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 1.40 and a beta of 1.48. Viking has a twelve month low of $55.55 and a twelve month high of $105.76. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts forecast that Viking will post 3.32 EPS 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.