Viking (NYSE:VIK) Reaches New 52-Week High - Time to Buy?

Key Points

• Viking Holdings Ltd. shares reached a new 52-week high of $64.23 during trading, with a current price of $64.03.
• Recent analyst ratings show mixed signals, with Wall Street Zen downgrading the stock to a "hold," while firms like Stifel Nicolaus and Citigroup maintain "buy" ratings with higher price targets.
• For the latest quarter, Viking reported $0.99 earnings per share, missing estimates slightly, but revenue increased by 18.5% year-over-year, totaling $1.88 billion.

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $64.23 and last traded at $64.03, with a volume of 503082 shares changing hands. The stock had previously closed at $62.83.

Analyst Ratings Changes

VIK has been the topic of several recent analyst reports. Wall Street Zen lowered Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Jefferies Financial Group upped their price objective on Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Stifel Nicolaus upped their price objective on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Citigroup upped their price objective on Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.93.

Viking Stock Up 1.5%

The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The company has a market capitalization of $28.27 billion, a P/E ratio of 34.45, a price-to-earnings-growth ratio of 0.74 and a beta of 2.40. The company has a 50-day moving average of $58.62 and a two-hundred day moving average of $48.90.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division raised its stake in shares of Viking by 2.4% in the second quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock worth $633,000 after purchasing an additional 274 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Viking by 1.7% in the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after purchasing an additional 324 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Viking by 20.1% in the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company's stock worth $106,000 after purchasing an additional 332 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares during the last quarter. Finally, Commerce Bank raised its stake in shares of Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company's stock worth $355,000 after purchasing an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

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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