Viking (NYSE:VIK) Sets New 12-Month High - Time to Buy?

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.90 and last traded at $54.44, with a volume of 3060065 shares. The stock had previously closed at $54.01.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VIK. Stifel Nicolaus set a $50.00 target price on shares of Viking and gave the stock a "buy" rating in a report on Wednesday, May 21st. Melius Research set a $51.00 price objective on shares of Viking in a research note on Monday, April 21st. Redburn Atlantic raised shares of Viking to a "hold" rating in a research note on Tuesday, April 1st. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Finally, The Goldman Sachs Group cut their price target on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.87.

Viking Stock Performance

The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 0.66 and a beta of 2.38. The business has a 50-day moving average of $46.33 and a 200-day moving average of $45.15.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. Viking's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.21) earnings per share. Equities analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in Viking during the 4th quarter worth approximately $567,000. JPMorgan Chase & Co. boosted its holdings in Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after purchasing an additional 1,070,589 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Viking during the 4th quarter worth $339,000. Daiwa Securities Group Inc. purchased a new stake in Viking during the 4th quarter worth about $308,000. Finally, Lindbrook Capital LLC acquired a new stake in Viking in the 4th quarter valued at about $267,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.