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

Key Points

• Viking Holdings Ltd. has been assigned a consensus rating of “Moderate Buy” by 15 brokerages, with an average target price of $59.29.
• The company reported $0.99 EPS for the last quarter, slightly missing the consensus estimate, although revenue increased by 18.5% year-over-year.
• Institutional investors hold 98.84% of Viking’s stock, indicating strong institutional interest and support for the company.

Shares of Viking Holdings Ltd. (NYSE:VIK - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $59.2857.

Several analysts have issued reports on VIK shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Viking in a research report on Wednesday. Barclays upped their target price on shares of Viking from $61.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, October 3rd. Citigroup upped their target price on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Morgan Stanley upped their price objective on Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen lowered Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd.

Viking Trading Down 0.7%

NYSE:VIK opened at $59.25 on Friday. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $65.37. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The stock has a market capitalization of $26.26 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 0.70 and a beta of 2.24. The business's 50-day simple moving average is $60.88 and its 200-day simple moving average is $51.76.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company's revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. Sell-side analysts expect that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

A number of large investors have recently added to or reduced their stakes in VIK. Invesco Ltd. raised its position in shares of Viking by 400.3% in the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company's stock valued at $563,654,000 after purchasing an additional 8,462,947 shares during the period. Norges Bank bought a new position in shares of Viking in the second quarter valued at about $236,911,000. Holocene Advisors LP raised its holdings in Viking by 57.9% in the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company's stock valued at $304,095,000 after acquiring an additional 2,092,729 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Viking by 69.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company's stock valued at $239,902,000 after acquiring an additional 1,843,533 shares during the period. Finally, State Street Corp raised its holdings in Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company's stock valued at $96,568,000 after acquiring an additional 1,806,920 shares during the period. Institutional investors own 98.84% of the company's stock.

About Viking

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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