Viking (NYSE:VIK) Sets New 12-Month High – What’s Next?

Viking Holdings Ltd. (NYSE:VIK)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $78.81 and last traded at $77.5450, with a volume of 102065 shares trading hands. The stock had previously closed at $76.58.

Wall Street Analyst Weigh In

Several analysts recently commented on VIK shares. Morgan Stanley lifted their target price on shares of Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Barclays upped their target price on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. lifted their price target on Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Viking Stock Up 0.0%

The stock’s fifty day simple moving average is $71.95 and its 200-day simple moving average is $64.87. The stock has a market cap of $33.31 billion, a P/E ratio of 35.13, a P/E/G ratio of 0.66 and a beta of 2.07. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63.

Viking (NYSE:VIK) last announced its earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. As a group, research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Viking

Several large investors have recently modified their holdings of VIK. Optimize Financial Inc raised its stake in Viking by 1.4% in the fourth quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock valued at $688,000 after purchasing an additional 136 shares in the last quarter. S.A. Mason LLC increased its holdings in Viking by 7.5% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock valued at $154,000 after buying an additional 150 shares during the period. Park Avenue Securities LLC increased its holdings in Viking by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock valued at $481,000 after buying an additional 177 shares during the period. Legacy Wealth Asset Management LLC raised its position in shares of Viking by 3.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock valued at $413,000 after buying an additional 187 shares in the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the period. 98.84% of the stock is 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.