Analysts Set Viking Holdings Ltd. (NYSE:VIK) Target Price at $53.33

Key Points

• Viking Holdings Ltd. has been given an average rating of "Moderate Buy" by 15 analysts, with 10 analysts recommending a buy and 5 recommending a hold.
• Goldman Sachs cut its target price for Viking from $51.00 to $44.00, while Citigroup raised its target from $57.00 to $68.00, reflecting differing opinions on the stock's potential.
• Viking reported a revenue increase of 24.9% year-over-year, with earnings per share surpassing estimates at ($0.24) compared to the consensus of ($0.26).

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $53.33.

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Loop Capital reiterated a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Bank of America increased their price target on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Barclays increased their price target on shares of Viking from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st.

Institutional Investors Weigh In On Viking

Hedge funds have recently bought and sold shares of the business. Pittenger & Anderson Inc. purchased a new stake in Viking during the second quarter valued at $27,000. Private Trust Co. NA bought a new position in Viking during the second quarter valued at $29,000. Costello Asset Management INC bought a new position in Viking during the first quarter valued at $33,000. Harbour Investments Inc. increased its position in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after acquiring an additional 346 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after acquiring an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Trading Up 0.7%

NYSE VIK traded up $0.44 during trading on Friday, hitting $58.94. The company had a trading volume of 311,472 shares, compared to its average volume of 3,215,159. Viking has a one year low of $30.56 and a one year high of $59.33. The company has a market cap of $26.12 billion, a price-to-earnings ratio of 47.91, a price-to-earnings-growth ratio of 0.69 and a beta of 2.38. The company's fifty day moving average is $51.20 and its 200-day moving average is $46.76.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. During the same period in the prior year, the business earned ($1.21) EPS. The company's revenue for the quarter was up 24.9% on a year-over-year basis. As a group, equities analysts anticipate that Viking will post 1.49 EPS 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.