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

Viking Holdings Ltd (NYSE:VIK) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.38.

Several equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Citigroup began coverage on Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company. BNP Paribas started coverage on Viking in a research report on Thursday. They set an “outperform” rating and a $47.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, March 21st.

Viking Stock Performance

VIK opened at $39.35 on Monday. Viking has a one year low of $25.71 and a one year high of $53.14. The company has a market cap of $16.98 billion and a P/E ratio of 151.33. The business’s 50-day simple moving average is $46.85 and its 200-day simple moving average is $43.22.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in Viking in the 3rd quarter valued at approximately $27,000. Commerce Bank acquired a new stake in shares of Viking in the 3rd quarter valued at approximately $276,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Viking during the third quarter worth $1,269,000. Finally, Cerity Partners LLC purchased a new position in Viking in the third quarter worth $882,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.