Brokerages Set Viking Holdings Ltd. (NYSE:VIK) Price Target at $105.11

Shares of Viking Holdings Ltd. (NYSE:VIK) have been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $105.1111.

Several research firms recently weighed in on VIK. Truist Financial upgraded shares of Viking from a “hold” rating to a “buy” rating and upped their price target for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. Loop Capital initiated coverage on Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective on the stock. Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Jefferies Financial Group increased their target price on Viking from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Stifel Nicolaus set a $105.00 target price on Viking in a research report on Friday, May 15th.

Viking Price Performance

Shares of NYSE VIK opened at $103.94 on Thursday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The firm has a fifty day moving average of $99.64 and a 200 day moving average of $85.51. The firm has a market cap of $46.32 billion, a PE ratio of 38.64, a PEG ratio of 1.17 and a beta of 1.50. Viking has a one year low of $56.06 and a one year high of $110.09.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted ($0.24) earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. As a group, research analysts predict that Viking will post 3.32 EPS for the current fiscal year.

Insider Activity at Viking

In related news, EVP Richard Marnell sold 6,120 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the transaction, the executive vice president directly owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 17,566 shares of company stock worth $1,640,166 in the last three months.

Institutional Investors Weigh In On Viking

Large investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC purchased a new position in shares of Viking in the first quarter worth about $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Viking during the 3rd quarter valued at about $26,000. Activest Wealth Management raised its holdings in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Viking in the 4th quarter valued at about $28,000. Finally, Cornerstone Planning Group LLC lifted its stake in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Upcoming earnings may provide a catalyst: Wall Street expects Viking Holdings to report year-over-year earnings growth in its upcoming results. Zacks cites a combination of factors that could support an earnings beat, raising expectations ahead of the release. Viking Holdings Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Operations remain resilient despite river conditions: Seeking Alpha characterizes Viking’s business as “cruising smoothly” despite low water levels, suggesting the company has been managing operational challenges without a material disruption to demand or service. Viking Holdings: Cruising Smoothly Despite Low Water Levels
• Neutral Sentiment: Analyst target implies limited additional upside: Brokerages have assigned Viking Holdings a consensus price target of $105.11. That is modestly above the recent trading level, indicating a broadly positive but not sharply bullish analyst outlook. Viking Holdings Receives $105.11 Consensus Target Price
• Neutral Sentiment: Other Viking-related articles are unrelated to the stock: Articles about Mars exploration, historical Viking warriors, cookware, river-cruise consumer experiences, and a Massachusetts waste-disposal company do not provide material information about Viking Holdings Ltd. or its shares.

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.