Brokerages Set Viking Holdings Ltd. (NYSE:VIK) Price Target at $67.19

Shares of Viking Holdings Ltd. (NYSE:VIK) have been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $67.1875.

Several brokerages have commented on VIK. Truist Financial upped their target price on shares of Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company increased their target price on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. Barclays raised their target price on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Jefferies Financial Group raised Viking from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Finally, UBS Group increased their price target on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, December 4th.

Hedge Funds Weigh In On Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC raised its stake in Viking by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after buying an additional 177 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of Viking by 3.3% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock worth $413,000 after acquiring an additional 187 shares in the last quarter. CI Investments Inc. raised its position in shares of Viking by 53.1% during the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of Viking by 1.5% during the 3rd quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company’s stock valued at $1,065,000 after purchasing an additional 249 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Viking by 20.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock valued at $106,000 after purchasing an additional 332 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Viking Stock Down 1.7%

Shares of NYSE VIK opened at $68.53 on Friday. Viking has a 1 year low of $31.79 and a 1 year high of $74.61. The firm’s 50-day moving average is $69.14 and its 200-day moving average is $63.20. 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 capitalization of $30.37 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 0.60 and a beta of 2.07.

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

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.