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

Key Points

• Consensus rating: Sixteen brokerages give Viking a consensus of "Moderate Buy" (11 buy, 3 hold, 2 sell) with an average 12‑month price target of $84.14 and top targets as high as $95.
• Ownership activity: EVP Jeffrey Dash sold 46,369 shares (~$3.72M), trimming his stake ~9.94%, while major institutions (Invesco, MFS, AQR and Norges Bank) have been adding or establishing large positions, leaving institutional ownership at about 98.84%.

Shares of Viking Holdings Ltd. (NYSE:VIK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $84.1429.

A number of equities research analysts recently weighed in on VIK shares. Citigroup boosted their price objective on Viking from $88.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Viking in a report on Monday, December 29th. Mizuho lifted their target price on Viking from $59.00 to $69.00 and gave the stock an "underperform" rating in a report on Thursday, March 5th. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a "buy" rating in a report on Tuesday, April 14th. Finally, Truist Financial lifted their target price on Viking from $61.00 to $75.00 and gave the stock a "hold" rating in a report on Tuesday, March 24th.

Viking Trading Down 1.2%

Shares of VIK stock opened at $80.87 on Tuesday. The firm has a market capitalization of $36.04 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.51 and a beta of 1.90. Viking has a twelve month low of $38.50 and a twelve month high of $87.00. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The stock's fifty day simple moving average is $75.61 and its 200 day simple moving average is $70.26.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. The business had revenue of $1.72 billion for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. As a group, sell-side analysts predict that Viking will post 3.31 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of the business's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares of the company's stock, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Viking by 4.1% during the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company's stock worth $1,043,945,000 after purchasing an additional 570,672 shares in the last quarter. Federated Hermes Inc. increased its holdings in Viking by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company's stock worth $614,960,000 after purchasing an additional 136,918 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Viking by 80.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company's stock worth $504,601,000 after purchasing an additional 3,615,969 shares in the last quarter. Norges Bank bought a new stake in Viking during the 4th quarter worth approximately $372,297,000. Finally, AQR Capital Management LLC increased its holdings in Viking by 316.8% during the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company's stock worth $316,082,000 after purchasing an additional 3,364,265 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

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.

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