Viking (NYSE:VIK) Hits New 1-Year High – Should You Buy?

Viking Holdings Ltd (NYSE:VIK)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $52.00 and last traded at $51.00, with a volume of 33861 shares trading hands. The stock had previously closed at $51.45.

Wall Street Analyst Weigh In

VIK has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Loop Capital initiated coverage on Viking in a report on Tuesday. They set a “buy” rating and a $55.00 price target for the company. The Goldman Sachs Group assumed coverage on Viking in a research report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. Bank of America increased their target price on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Truist Financial lifted their price target on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.13.

Viking Trading Up 1.7 %

The company has a fifty day moving average price of $46.24 and a two-hundred day moving average price of $40.36.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. acquired a new stake in Viking in the 3rd quarter valued at $1,269,000. U S Global Investors Inc. bought a new stake in Viking during the third quarter worth about $1,169,000. International Assets Investment Management LLC acquired a new position in Viking during the third quarter valued at approximately $2,222,000. Franklin Resources Inc. grew its stake in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after purchasing an additional 836,353 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Viking during the 3rd quarter worth approximately $609,000. 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.