Shares of Viking Holdings Ltd. (NYSE:VIK - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $60.00 and last traded at $60.29, with a volume of 819 shares traded. The stock had previously closed at $59.70.
Analyst Ratings Changes
VIK has been the subject of several research reports. Citigroup lifted their price target on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Bank of America lifted their price target on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital reissued a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Melius Research set a $51.00 price objective on Viking in a research note on Monday, April 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Viking currently has a consensus rating of "Moderate Buy" and an average price target of $53.33.
Read Our Latest Research Report on Viking
Viking Price Performance
The firm has a market cap of $26.33 billion, a PE ratio of 48.34, a price-to-earnings-growth ratio of 0.68 and a beta of 2.40. The company has a 50 day simple moving average of $54.21 and a 200-day simple moving average of $47.65.
Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The firm had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The business's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.21) earnings per share. On average, sell-side analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.
Hedge Funds Weigh In On Viking
A number of institutional investors have recently added to or reduced their stakes in VIK. Norges Bank bought a new position in shares of Viking during the second quarter valued at $236,911,000. Select Equity Group L.P. increased its holdings in shares of Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after acquiring an additional 3,658,225 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after acquiring an additional 2,492,724 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock worth $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Viking by 1,972.0% in the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after buying an additional 2,270,075 shares in the last quarter. Institutional investors own 98.84% of the company's stock.
About Viking
(
Get Free Report)
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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