Viking (NYSE:VIK) Reaches New 52-Week High After Analyst Upgrade

Viking Holdings Ltd. (NYSE:VIK - Get Free Report)'s stock price reached a new 52-week high on Wednesday after Barclays raised their price target on the stock from $45.00 to $55.00. Barclays currently has an equal weight rating on the stock. Viking traded as high as $56.15 and last traded at $55.21, with a volume of 3152349 shares. The stock had previously closed at $55.11.

Several other equities analysts have also recently commented on VIK. Citigroup raised their price target on shares of Viking from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Jefferies Financial Group raised their price target on shares of Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday. Wall Street Zen cut shares of Viking from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Redburn Atlantic raised shares of Viking to a "hold" rating in a research report on Tuesday, April 1st. Finally, Loop Capital reaffirmed a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

Institutional Investors Weigh In On Viking

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division raised its stake in Viking by 2.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock worth $633,000 after acquiring an additional 274 shares in the last quarter. Cerity Partners LLC raised its stake in 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 acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. increased its stake in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after purchasing an additional 346 shares during the period. Commerce Bank increased its stake in Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after purchasing an additional 399 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after purchasing an additional 690 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Price Performance

The company has a market capitalization of $25.00 billion, a price-to-earnings ratio of 45.87, a price-to-earnings-growth ratio of 0.69 and a beta of 2.38. The business's 50 day simple moving average is $48.11 and its 200 day simple moving average is $45.59.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for 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 quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business posted ($1.21) earnings per share. As a group, analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

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.