Viking (NYSE:VIK) Given Hold (C) Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Viking (NYSE:VIK), indicating a cautious outlook on the stock.
• Viking has received varied ratings from analysts, with Mizuho assigning an "underperform" rating and Barclays setting a price target at $62.00, while Bank of America and Citigroup have issued "buy" ratings with targets of $70.00 and $68.00, respectively.
• The company reported earnings of $0.99 per share, slightly missing the consensus estimate, but achieved an 18.5% year-over-year revenue growth, reaching $1.88 billion.

Viking (NYSE:VIK - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

VIK has been the topic of several other research reports. Mizuho began coverage on shares of Viking in a report on Friday, October 10th. They issued an "underperform" rating and a $54.00 price target on the stock. Barclays lifted their price objective on Viking from $61.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, October 3rd. Bank of America raised their target price on Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Citigroup increased their price objective on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Jefferies Financial Group lifted their price objective on Viking from $45.00 to $52.00 and gave the company a "hold" rating in a report on Monday, July 7th. Nine research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Viking currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

Viking Stock Up 0.5%

Shares of NYSE VIK traded up $0.31 during mid-day trading on Friday, reaching $60.90. 388,755 shares of the company traded hands, compared to its average volume of 2,935,499. The company's fifty day moving average is $61.33 and its two-hundred day moving average is $53.22. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $65.37. The stock has a market cap of $26.99 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 0.72 and a beta of 2.24.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $0.89 EPS. The company's revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts expect that Viking will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Simon Quick Advisors LLC increased its position in Viking by 1.5% in the third quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company's stock worth $1,065,000 after purchasing an additional 249 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of Viking by 2.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock valued at $633,000 after purchasing an additional 274 shares during the last quarter. Cerity Partners LLC grew its position in shares of Viking by 1.7% during the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after buying an additional 324 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Viking by 20.1% during the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company's stock worth $106,000 after buying an additional 332 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of 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 last quarter. Institutional investors own 98.84% of the company's stock.

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.

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