Viking (NYSE:VIK) Sets New 12-Month High – Still a Buy?

Viking Holdings Ltd. (NYSE:VIK)’s stock price reached a new 52-week high on Friday . The stock traded as high as $94.99 and last traded at $92.7770, with a volume of 118458 shares. The stock had previously closed at $93.18.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VIK shares. Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $79.00 to $109.00 in a report on Monday, May 18th. Stifel Nicolaus set a $105.00 price objective on Viking in a report on Friday, May 15th. The Goldman Sachs Group lifted their price objective on Viking from $84.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 15th. Loop Capital started coverage on Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. Finally, Sanford C. Bernstein started coverage on Viking in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 price objective for the company. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Viking Stock Performance

The company has a 50 day moving average price of $83.39 and a 200-day moving average price of $75.97. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The company has a market cap of $41.76 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 1.28 and a beta of 1.59.

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

Insiders Place Their Bets

In related news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently bought and sold shares of VIK. Newbridge Financial Services Group Inc. bought a new stake in Viking during the 3rd quarter worth $26,000. Activest Wealth Management grew its position in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in Viking during the 4th quarter worth $28,000. Cornerstone Planning Group LLC grew its position in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after acquiring an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares during the last quarter. 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.