Viking (NYSE:VIK) Hits New 12-Month High - Still a Buy?

Key Points

• Viking Holdings Ltd. reached a new 52-week high at $64.11, with trading also recording a significant volume of over 2.4 million shares.
• Analyst ratings are predominantly positive, with 10 out of 15 analysts recommending a "Buy" rating, while the stock's average target price is set at $57.60.
• Institutional ownership stands at 98.84%, indicating strong confidence from hedge funds and institutional investors in Viking's performance.

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.11 and last traded at $62.31, with a volume of 2416094 shares changing hands. The stock had previously closed at $63.77.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Viking from $55.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley lifted their price objective on shares of Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Bank of America lifted their price objective on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.60.

Viking Stock Performance

The company has a market cap of $27.42 billion, a PE ratio of 33.47, a PEG ratio of 0.75 and a beta of 2.40. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The firm's 50 day moving average is $57.76 and its 200-day moving average is $48.58.

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

Hedge Funds Weigh In On Viking

Institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Viking in the 4th quarter valued at about $567,000. Fortress Investment Group LLC acquired a new position in shares of Viking in the 4th quarter worth approximately $1,322,000. GCM Grosvenor Holdings LLC lifted its holdings in shares of Viking by 233.7% in the 4th quarter. GCM Grosvenor Holdings LLC now owns 317,000 shares of the company's stock worth $13,967,000 after acquiring an additional 222,009 shares during the last quarter. Interval Partners LP acquired a new position in shares of Viking in the 4th quarter worth approximately $13,191,000. Finally, Blackstone Inc. lifted its holdings in shares of Viking by 162.5% in the 4th quarter. Blackstone Inc. now owns 525,000 shares of the company's stock worth $23,132,000 after acquiring an additional 325,000 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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