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

Shares of Viking Holdings Ltd. (NYSE:VIK) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $58.9333.

Several brokerages have recently commented on VIK. UBS Group increased their price target on shares of Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Bank of America upped their price objective on shares of Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their target price on Viking from $50.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Wednesday, October 8th. Finally, Citigroup increased their price objective on Viking from $57.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 16th.

Viking Stock Up 1.7%

VIK opened at $58.26 on Tuesday. The company has a market capitalization of $25.82 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 0.68 and a beta of 2.20. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $65.37. The business has a 50-day moving average of $60.96 and a 200-day moving average of $54.96.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. Equities research analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently modified their holdings of VIK. Pittenger & Anderson Inc. bought a new stake in shares of Viking during the 2nd quarter worth $27,000. Private Trust Co. NA acquired a new position in Viking during the 2nd quarter worth $29,000. TFC Financial Management Inc. bought a new stake in Viking during the third quarter valued at about $44,000. Sentry Investment Management LLC acquired a new stake in shares of Viking in the third quarter valued at about $44,000. Finally, Costello Asset Management INC acquired a new stake in shares of Viking in the first quarter valued at about $33,000. 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.