Viking Holdings Ltd. (NYSE:VIK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Viking Holdings Ltd. (NYSE:VIK) have been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $107.50.

Several brokerages recently issued reports on VIK. Barclays lifted their price target on shares of Viking from $88.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Viking in a research note on Wednesday. Mizuho raised their price objective on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a report on Monday, August 24th. Weiss Ratings upgraded shares of Viking from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of Viking stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the transaction, the executive vice president owned 117,050 shares in the company, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 17,566 shares of company stock valued at $1,640,166.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optimize Financial Inc boosted its holdings in Viking by 1.4% in the fourth quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock valued at $688,000 after acquiring an additional 136 shares during the last quarter. GAMMA Investing LLC raised its holdings in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after purchasing an additional 145 shares during the last quarter. Hohimer Wealth Management LLC raised its holdings in Viking by 1.3% during the 4th quarter. Hohimer Wealth Management LLC now owns 16,694 shares of the company’s stock worth $1,192,000 after purchasing an additional 218 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Viking by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company’s stock valued at $137,000 after purchasing an additional 255 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in Viking during the 2nd quarter valued at about $31,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Performance

Viking stock opened at $88.53 on Monday. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. The stock has a fifty day moving average price of $100.00 and a two-hundred day moving average price of $87.31. Viking has a 52-week low of $56.37 and a 52-week high of $110.09. The firm has a market capitalization of $39.46 billion, a P/E ratio of 29.41, a P/E/G ratio of 1.04 and a beta of 1.50.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $0.99 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. As a group, analysts anticipate that Viking will post 3.2 EPS 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.