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

Shares of Viking Holdings Ltd. (NYSE:VIK - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $49.87.

Several equities research analysts have recently weighed in on the stock. Melius Research set a $51.00 target price on shares of Viking in a research note on Monday, April 21st. Stifel Nicolaus set a $50.00 price objective on Viking and gave the company a "buy" rating in a research note on Wednesday, May 21st. Redburn Atlantic raised Viking to a "hold" rating in a research report on Tuesday, April 1st. Northcoast Research assumed coverage on Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 target price on the stock. Finally, BNP Paribas started coverage on Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division boosted its position in shares of Viking by 2.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock worth $633,000 after purchasing an additional 274 shares in the last quarter. Cerity Partners LLC boosted its holdings in Viking by 1.7% during the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after buying an additional 324 shares in the last quarter. Harbour Investments Inc. grew its position in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after buying an additional 346 shares during the period. Commerce Bank increased its holdings in Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after buying an additional 399 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after buying an additional 690 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Price Performance

Shares of VIK traded up $1.00 during mid-day trading on Wednesday, reaching $55.56. 2,339,820 shares of the company's stock were exchanged, compared to its average volume of 2,624,588. The business's fifty day simple moving average is $46.64 and its 200-day simple moving average is $45.21. The stock has a market capitalization of $24.62 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 0.67 and a beta of 2.38. Viking has a 52-week low of $30.56 and a 52-week high of $55.85.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The firm had revenue of $897.06 million during the quarter, compared to analysts' expectations of $841.18 million. During the same quarter in the prior year, the business earned ($1.21) EPS. Viking's quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts predict that Viking will post 1.49 earnings per share for the current year.

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.