Viking Holdings Ltd. (NYSE:VIK) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Viking Holdings Ltd. has received a consensus rating of "Moderate Buy" from fifteen research firms, with an average twelve-month price target of $57.20.
• Bank of America and Citigroup have recently raised their price targets for Viking shares significantly, with Bank of America setting a target of $70.00 and Citigroup at $68.00.
• Institutional investors hold 98.84% of Viking's stock, indicating strong backing from hedge funds as they actively buy and sell shares of the company.

Shares of Viking Holdings Ltd. (NYSE:VIK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen research firms that are covering the company, MarketBeat Ratings reports. Five investment 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 analysts that have issued ratings on the stock in the last year is $57.20.

Several research analysts have issued reports on the stock. Bank of America raised their price objective 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. The Goldman Sachs Group decreased their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Citigroup raised their price target on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group increased their price objective on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of Viking in the 4th quarter worth $567,000. Barclays PLC increased its stake in shares of Viking by 134,156.0% during the fourth quarter. Barclays PLC now owns 67,128 shares of the company's stock worth $2,958,000 after acquiring an additional 67,078 shares during the period. Fortress Investment Group LLC purchased a new position in Viking during the fourth quarter worth about $1,322,000. GCM Grosvenor Holdings LLC raised its holdings in Viking by 233.7% during the fourth quarter. GCM Grosvenor Holdings LLC now owns 317,000 shares of the company's stock worth $13,967,000 after purchasing an additional 222,009 shares in the last quarter. Finally, Interval Partners LP acquired a new stake in Viking in the fourth quarter valued at about $13,191,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Trading Down 1.4%

Shares of NYSE VIK opened at $58.4150 on Thursday. The stock has a market cap of $25.89 billion, a P/E ratio of 31.58, a P/E/G ratio of 0.68 and a beta of 2.40. Viking has a twelve month low of $30.75 and a twelve month high of $60.97. The stock has a 50 day moving average of $55.61 and a two-hundred day moving average of $48.07.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 219.34%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The business's revenue was up 18.5% compared to the same quarter last year. As a group, research analysts predict that Viking will post 1.49 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.