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

Shares of Viking Holdings Ltd (NYSE:VIK) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $46.89.

A number of research analysts have issued reports on VIK shares. UBS Group increased their target price on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. BNP Paribas started coverage on shares of Viking in a research note on Thursday, March 27th. They set an “outperform” rating and a $47.00 price objective for the company. Northcoast Research started coverage on shares of Viking in a research note on Friday, April 25th. They set a “buy” rating and a $51.00 price objective for the company. Barclays dropped their price objective on shares of Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd.

Viking Trading Down 2.8%

Shares of Viking stock opened at $46.90 on Tuesday. Viking has a 12-month low of $28.62 and a 12-month high of $53.14. The stock has a market cap of $20.24 billion and a PE ratio of 180.38. The company has a 50-day moving average of $40.93 and a two-hundred day moving average of $44.52.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently made changes to their positions in VIK. JPMorgan Chase & Co. boosted its holdings in shares of Viking by 113.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company’s stock valued at $4,227,000 after purchasing an additional 64,502 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Viking by 50.0% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company’s stock valued at $555,000 after purchasing an additional 4,320 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Viking in the 4th quarter valued at $916,000. Merit Financial Group LLC boosted its holdings in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock valued at $916,000 after purchasing an additional 700 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in shares of Viking by 3.5% in the 4th quarter. Diversify Wealth Management LLC now owns 58,416 shares of the company’s stock valued at $2,552,000 after purchasing an additional 1,960 shares during the last quarter. Institutional investors and hedge funds 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.