Viking (NYSE:VIK) Hits New 1-Year High – What’s Next?

Shares of Viking Holdings Ltd. (NYSE:VIK) hit a new 52-week high on Wednesday . The company traded as high as $92.22 and last traded at $91.30, with a volume of 1188381 shares. The stock had previously closed at $87.73.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VIK shares. UBS Group reiterated a “buy” rating and issued a $100.00 target price on shares of Viking in a report on Wednesday. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th. Stifel Nicolaus set a $105.00 target price on Viking in a report on Friday, May 15th. Mizuho lifted their target price on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Viking in a report on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Viking has a consensus rating of “Moderate Buy” and a consensus target price of $93.86.

Viking Stock Up 0.8%

The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The stock has a 50 day simple moving average of $79.58 and a 200 day simple moving average of $73.85. The stock has a market cap of $41.48 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 1.34 and a beta of 1.57.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts expect that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Viking during the third quarter valued at approximately $26,000. Activest Wealth Management boosted its position in shares of Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Viking during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC boosted its position in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the last quarter. Institutional investors and hedge funds 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.