Viking Holdings Ltd. (NYSE:VIK - Get Free Report) shares reached a new 52-week high on Monday after Truist Financial raised their price target on the stock from $50.00 to $55.00. Truist Financial currently has a hold rating on the stock. Viking traded as high as $58.70 and last traded at $58.50, with a volume of 656346 shares traded. The stock had previously closed at $58.33.
Several other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley reduced their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. BNP Paribas assumed coverage on Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Melius Research set a $51.00 price objective on shares of Viking in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.07.
Get Our Latest Analysis on VIK
Hedge Funds Weigh In On Viking
Several hedge funds and other institutional investors have recently modified their holdings of VIK. Norges Bank acquired a new position in Viking during the 4th quarter valued at approximately $245,038,000. Select Equity Group L.P. increased its stake in Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after buying an additional 3,658,225 shares during the period. Capital Research Global Investors boosted its holdings in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after acquiring an additional 2,492,724 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Viking by 1,972.0% in the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after acquiring an additional 2,270,075 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Viking Price Performance
The stock has a market capitalization of $25.88 billion, a P/E ratio of 47.48, a PEG ratio of 0.71 and a beta of 2.38. The stock's fifty day moving average is $49.83 and its two-hundred day moving average is $46.13.
Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The company had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same quarter in the prior year, the company earned ($1.21) EPS. The firm's quarterly revenue was up 24.9% on a year-over-year basis. Analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current year.
About Viking
(
Get Free Report)
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.
Further Reading
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