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

Shares of Viking Holdings Ltd. (NYSE:VIKGet Free Report) have received an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $105.1111.

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays raised their price target on shares of Viking from $88.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. UBS Group reiterated a “buy” rating and set a $100.00 price objective on shares of Viking in a research note on Wednesday, May 27th. Jefferies Financial Group lifted their target price on shares of Viking from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and increased their price target for the company from $75.00 to $102.00 in a report on Friday, May 22nd.

View Our Latest Analysis on VIK

Viking Trading Up 0.7%

Shares of VIK opened at $108.31 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The firm has a market capitalization of $48.27 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 1.23 and a beta of 1.50. The stock’s fifty day simple moving average is $98.31 and its 200 day simple moving average is $84.28. Viking has a twelve month low of $55.55 and a twelve month high of $110.09.

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

Insider Activity at Viking

In related news, EVP Richard Marnell sold 6,120 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00. Following the sale, the executive vice president directly owned 110,930 shares in the company, valued at approximately $10,460,699. This trade represents a 5.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 17,566 shares of company stock worth $1,640,166.

Institutional Trading of Viking

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Viking during the 2nd quarter valued at $303,000. Daiwa Securities Group Inc. acquired a new stake in Viking during the 2nd quarter valued at $922,000. State Street Corp increased its stake in Viking by 34,748.5% during the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after buying an additional 1,806,920 shares during the period. Finally, Nebula Research & Development LLC increased its stake in Viking by 275.0% during the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after buying an additional 22,188 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Viking (NYSE:VIK)

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