Viking (NYSE:VIK) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Viking's stock has received a "hold (C)" rating from Weiss Ratings, amidst a mixed signal from other analysts who have rated it with a "buy" or "hold."
• Shares of Viking traded up 0.7% on Wednesday, reaching $59.93, with a market capitalization of $26.56 billion and a debt-to-equity ratio of 19.33.
• Viking reported earnings of $0.99 per share for the last quarter, slightly missing estimates, but achieved an 18.5% year-over-year revenue increase to $1.88 billion.

Viking (NYSE:VIK - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also weighed in on VIK. Stifel Nicolaus upped their price objective on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Bank of America boosted their target price on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group boosted their target price on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Barclays boosted their target price on shares of Viking from $61.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, October 3rd. Finally, Wall Street Zen downgraded shares of Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Viking presently has a consensus rating of "Moderate Buy" and an average target price of $59.29.

Viking Trading Up 0.7%

Shares of VIK stock traded up $0.43 on Wednesday, hitting $59.93. The stock had a trading volume of 683,779 shares, compared to its average volume of 3,018,020. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The firm has a market capitalization of $26.56 billion, a P/E ratio of 32.45, a P/E/G ratio of 0.70 and a beta of 2.24. Viking has a 1 year low of $31.79 and a 1 year high of $65.37. The company's 50 day moving average price is $60.85 and its 200-day moving average price is $51.58.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VIK. Deutsche Bank AG acquired a new position in shares of Viking in the 1st quarter valued at $261,000. HMS Capital Management LLC bought a new stake in shares of Viking in the 2nd quarter worth about $257,000. Select Equity Group L.P. increased its position in shares of Viking by 8.0% in the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock worth $741,608,000 after purchasing an additional 1,376,899 shares during the last quarter. OLD Second National Bank of Aurora bought a new stake in shares of Viking in the 2nd quarter worth about $2,527,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Viking during the 1st quarter valued at about $668,000. 98.84% of the stock is 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.

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