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

Key Points

• Viking Holdings Ltd. has received a consensus rating of "Moderate Buy" from 14 brokerages, with five analysts rating it as a hold and nine as a buy.
• Recent price target adjustments include Morgan Stanley raising it from $62.00 to $66.00 and Bank of America from $51.00 to $70.00, reflecting strong optimism among analysts.
• For the most recent quarter, Viking reported $0.99 EPS, missing expectations slightly, but achieving $1.88 billion in revenue, which was above analysts' forecasts.

Shares of Viking Holdings Ltd. (NYSE:VIK - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $58.9286.

VIK has been the topic of several recent analyst reports. Morgan Stanley raised their price target on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Bank of America raised their target price on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Barclays boosted their price target on Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Truist Financial increased their price objective on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Finally, Stifel Nicolaus lifted their target price on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 14th.

Viking Stock Performance

NYSE VIK opened at $63.33 on Monday. The business's 50 day moving average price is $59.54 and its 200-day moving average price is $49.44. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $65.37. The company has a market cap of $28.06 billion, a P/E ratio of 34.23, a P/E/G ratio of 0.75 and a beta of 2.40. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64.

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 firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 earnings per share. Sell-side analysts predict that Viking will post 1.49 earnings per share for the current year.

Institutional Trading of Viking

A number of institutional investors have recently modified their holdings of VIK. Pittenger & Anderson Inc. acquired a new position in shares of Viking during the second quarter worth $27,000. Private Trust Co. NA purchased a new position in Viking during the 2nd quarter worth $29,000. Costello Asset Management INC acquired a new position in Viking during the 1st quarter valued at about $33,000. Harbour Investments Inc. raised its stake in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after buying an additional 346 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Viking in the second quarter worth about $53,000. 98.84% of the stock is currently owned by institutional investors.

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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