Viking Holdings Ltd (NYSE:VIK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Viking Holdings Ltd (NYSE:VIK) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.85.

A number of equities analysts recently weighed in on the stock. Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Barclays reissued an “equal weight” rating and set a $49.00 target price on shares of Viking in a research note on Friday, December 13th. Bank of America boosted their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Truist Financial raised their price objective on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd.

Institutional Trading of Viking

Several institutional investors have recently modified their holdings of VIK. Canada Pension Plan Investment Board purchased a new stake in Viking in the second quarter valued at $2,063,879,000. Select Equity Group L.P. purchased a new stake in shares of Viking in the 2nd quarter valued at about $145,989,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Viking in the 2nd quarter valued at about $73,247,000. Forest Avenue Capital Management LP purchased a new position in Viking during the 2nd quarter worth approximately $58,008,000. Finally, D1 Capital Partners L.P. grew its position in shares of Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after acquiring an additional 1,703,301 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Stock Down 1.8 %

Shares of VIK stock opened at $42.57 on Wednesday. Viking has a 1-year low of $25.71 and a 1-year high of $47.62. The company has a 50-day moving average of $44.57 and a two-hundred day moving average of $38.32.

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.