Viking Holdings Ltd. (NYSE:VIK) Given Average Rating of “Hold” by Analysts

Viking Holdings Ltd. (NYSE:VIK) has received a consensus rating of “Hold” from the seventeen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $62.1250.

A number of research firms have recently issued reports on VIK. Mizuho set a $59.00 price target on shares of Viking in a research report on Wednesday, November 19th. Stifel Nicolaus raised their target price on shares of Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Barclays lifted their target price on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. UBS Group increased their price target on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Truist Financial boosted their price objective on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday.

Viking Price Performance

Shares of VIK opened at $67.07 on Friday. Viking has a 52 week low of $31.79 and a 52 week high of $68.60. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 0.78 and a beta of 2.12. The stock has a 50 day moving average of $61.35 and a 200-day moving average of $57.67.

Viking (NYSE:VIK) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. As a group, analysts forecast that Viking will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Viking

Institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in Viking during the 3rd quarter valued at about $26,000. Pittenger & Anderson Inc. acquired a new position in shares of Viking during the second quarter worth approximately $27,000. Private Trust Co. NA acquired a new position in shares of Viking during the second quarter worth approximately $29,000. Costello Asset Management INC bought a new position in Viking in the 1st quarter worth approximately $33,000. Finally, CI Investments Inc. increased its position in Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the period. Institutional investors own 98.84% of the company’s stock.

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.