Viking (NYSE:VIK) Sets New 12-Month High – Here’s What Happened

Shares of Viking Holdings Ltd. (NYSE:VIK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $79.20 and last traded at $79.5250, with a volume of 81157 shares traded. The stock had previously closed at $77.00.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VIK shares. Citigroup lifted their price target on shares of Viking from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 12th. Morgan Stanley raised their price objective on Viking from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. UBS Group lifted their target price on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and increased their price target for the company from $66.00 to $78.00 in a research note on Tuesday, December 9th. Finally, Truist Financial lifted their price objective on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.00.

Viking Trading Up 2.3%

The company has a 50-day moving average of $72.85 and a 200 day moving average of $65.53. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The company has a market cap of $34.91 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VIK. Activest Wealth Management lifted its holdings in shares of Viking by 19,500.0% in 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 purchased a new stake in shares of Viking in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its position in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Viking in the third quarter worth $26,000. Institutional investors own 98.84% of the company’s stock.

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.