Viking Holdings Ltd (NYSE:VIK) Receives $46.89 Consensus Price Target from Analysts

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eighteen analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $46.89.

Several analysts have issued reports on the company. Jefferies Financial Group began coverage on Viking in a research report on Monday, March 31st. They set a "hold" rating and a $45.00 target price on the stock. Truist Financial raised their price target on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. UBS Group upped their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Morgan Stanley lowered their target price on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Northcoast Research started coverage on Viking in a research note on Friday, April 25th. They set a "buy" rating and a $51.00 target price for the company.

Viking Trading Up 4.7%

Shares of NYSE VIK traded up $2.17 during trading hours on Tuesday, reaching $48.37. The stock had a trading volume of 3,095,186 shares, compared to its average volume of 2,335,772. Viking has a 52-week low of $27.93 and a 52-week high of $53.14. The firm has a market cap of $20.87 billion and a price-to-earnings ratio of 186.05. The business's fifty day moving average price is $40.64 and its two-hundred day moving average price is $44.34.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Viking's revenue for the quarter was up 20.5% on a year-over-year basis. Equities research analysts anticipate that Viking will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in Viking during the 4th quarter worth about $567,000. Blue Chip Partners LLC acquired a new stake in shares of Viking during the 4th quarter worth about $279,000. Renaissance Capital LLC lifted its stake in Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after purchasing an additional 9,527 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after purchasing an additional 1,070,589 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Viking in the fourth quarter valued at approximately $339,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

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.