Viking (NYSE:VIK) Sets New 1-Year High - Here's Why

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 reached a new 52-week high on Monday . The company traded as high as $64.23 and last traded at $64.03, with a volume of 503082 shares traded. The stock had previously closed at $62.83.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VIK shares. Loop Capital restated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Bank of America upped their target price on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. UBS Group upped their target price on shares of Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Jefferies Financial Group upped their target price on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $58.93.

Viking Stock Down 3.1%

The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. The stock's 50-day simple moving average is $59.54 and its 200-day simple moving average is $49.42. The firm has a market capitalization of $28.06 billion, a P/E ratio of 34.23, a P/E/G ratio of 0.77 and a beta of 2.40.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Central Pacific Bank Trust Division grew its position in shares of Viking by 2.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock valued at $633,000 after acquiring an additional 274 shares during the period. Cerity Partners LLC grew its position in shares of Viking by 1.7% during the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock valued at $759,000 after acquiring an additional 324 shares during the period. Golden State Wealth Management LLC grew its position in shares of Viking by 20.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company's stock valued at $106,000 after acquiring an additional 332 shares during the period. Harbour Investments Inc. grew its position in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after acquiring an additional 346 shares during the period. Finally, Commerce Bank boosted its holdings in Viking by 4.7% in the 1st quarter. Commerce Bank now owns 8,936 shares of the company's stock worth $355,000 after buying an additional 399 shares during the period. 98.84% of the stock is owned by institutional investors.

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.