Viking (NYSE:VIK) Sets New 52-Week High – Should You Buy?

Viking Holdings Ltd (NYSE:VIK) reached a new 52-week high during trading on Tuesday . The company traded as high as $53.14 and last traded at $51.75, with a volume of 4609725 shares. The stock had previously closed at $52.77.

Analyst Ratings Changes

Several research analysts have weighed in on VIK shares. Stifel Nicolaus upped their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Citigroup initiated coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Barclays reissued an “equal weight” rating and set a $49.00 price objective on shares of Viking in a report on Friday, December 13th. Finally, The Goldman Sachs Group began coverage on Viking in a research report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Viking Trading Down 1.9 %

The firm’s fifty day moving average is $46.48 and its 200 day moving average is $40.67.

Hedge Funds Weigh In On Viking

A number of large investors have recently bought and sold shares of VIK. Parallel Advisors LLC lifted its holdings in shares of Viking by 22.7% in the 4th quarter. Parallel Advisors LLC now owns 55,689 shares of the company’s stock worth $2,454,000 after buying an additional 10,304 shares during the period. Natixis Advisors LLC purchased a new position in Viking during the 4th quarter valued at about $657,000. Commonwealth Equity Services LLC raised its holdings in shares of Viking by 111.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock valued at $727,000 after purchasing an additional 8,693 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Viking in the 4th quarter worth approximately $141,000. Finally, Burkehill Global Management LP bought a new position in shares of Viking during the fourth quarter valued at approximately $33,045,000. Hedge funds and other 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.