Viking Holdings Ltd (NYSE:VIK) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.00.

A number of research firms recently commented on VIK. Barclays lowered their price target on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Melius Research set a $51.00 target price on shares of Viking in a research report on Monday, April 21st. Northcoast Research initiated coverage on Viking in a research note on Friday, April 25th. They issued a "buy" rating and a $51.00 target price on the stock. BNP Paribas began 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. Finally, The Goldman Sachs Group reduced their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new position in shares of Viking during the first quarter valued at about $33,000. Harbour Investments Inc. boosted its position in Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after acquiring an additional 346 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock worth $57,000 after acquiring an additional 690 shares during the period. Quarry LP bought a new position in shares of Viking in the 4th quarter worth approximately $66,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Viking in the 4th quarter valued at approximately $73,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Price Performance

Shares of Viking stock traded down $0.17 during trading hours on Friday, hitting $48.71. 2,477,037 shares of the company's stock traded hands, compared to its average volume of 2,502,036. The stock has a market capitalization of $21.02 billion and a price-to-earnings ratio of 39.60. Viking has a 12-month low of $30.42 and a 12-month high of $53.14. The company has a fifty day simple moving average of $42.61 and a 200-day simple moving average of $44.68.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted ($1.21) EPS. On average, analysts forecast that Viking will post 1.49 EPS for the current fiscal 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.