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

Key Points

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Viking Holdings Ltd. (NYSE:VIK - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $60.97 and last traded at $60.49, with a volume of 4097179 shares traded. The stock had previously closed at $60.72.

Analysts Set New Price Targets

VIK has been the subject of a number of recent analyst reports. Citigroup upped their target price on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. increased their price objective on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Barclays increased their price objective on Viking from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. UBS Group increased their price objective on Viking from $55.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Loop Capital reissued a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $57.20.

Viking Stock Up 3.6%

The company has a market capitalization of $26.76 billion, a P/E ratio of 32.64, a PEG ratio of 0.68 and a beta of 2.40. The firm has a 50-day moving average price of $55.82 and a two-hundred day moving average price of $48.12. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

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

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new position in Viking in the fourth quarter valued at about $567,000. Barclays PLC lifted its holdings in shares of Viking by 134,156.0% during the 4th quarter. Barclays PLC now owns 67,128 shares of the company's stock valued at $2,958,000 after purchasing an additional 67,078 shares in the last quarter. Fortress Investment Group LLC acquired a new stake in Viking in the 4th quarter valued at approximately $1,322,000. GCM Grosvenor Holdings LLC raised its position in Viking by 233.7% in the 4th quarter. GCM Grosvenor Holdings LLC now owns 317,000 shares of the company's stock valued at $13,967,000 after buying an additional 222,009 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in Viking in the 4th quarter valued at approximately $13,191,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.