Viking Holdings Ltd. (NYSE:VIK) Receives $66.00 Average Target Price from Analysts

Viking Holdings Ltd. (NYSE:VIK) has earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $66.00.

A number of equities analysts have recently commented on VIK shares. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research report on Tuesday, December 9th. Jefferies Financial Group upgraded shares of Viking from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Finally, Citigroup increased their target price on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 12th.

Institutional Investors Weigh In On Viking

Several institutional investors have recently added to or reduced their stakes in VIK. Newbridge Financial Services Group Inc. purchased a new position in Viking in the third quarter valued at approximately $26,000. Pittenger & Anderson Inc. acquired a new position in shares of Viking in the 2nd quarter valued at $27,000. Private Trust Co. NA purchased a new position in shares of Viking in the 2nd quarter valued at $29,000. CI Investments Inc. grew its position in shares of 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 buying an additional 191 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Viking by 342.0% during the 3rd quarter. Allworth Financial LP now owns 663 shares of the company’s stock worth $41,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Stock Down 1.1%

Viking stock opened at $72.09 on Wednesday. The firm has a market capitalization of $31.95 billion, a P/E ratio of 33.69, a P/E/G ratio of 0.84 and a beta of 2.12. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. Viking has a twelve month low of $31.79 and a twelve month high of $74.61. The stock’s fifty day simple moving average is $64.95 and its 200-day simple moving average is $60.85.

Viking (NYSE:VIK) last released its earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Viking’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. As a group, equities analysts expect that Viking will post 1.49 earnings per share for the current fiscal year.

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.