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

Viking Holdings Ltd (NYSE:VIK) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $40.50.

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Stifel Nicolaus raised their target price on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Finally, Bank of America boosted their price target on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Viking

Institutional investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC purchased a new stake in Viking during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of Viking during the second quarter worth approximately $35,000. American National Bank acquired a new position in Viking in the 2nd quarter valued at $68,000. Sunbelt Securities Inc. purchased a new position in Viking in the 2nd quarter valued at $68,000. Finally, SG Americas Securities LLC purchased a new position in Viking in the 3rd quarter valued at $181,000.

Viking Trading Up 0.1 %

Viking stock opened at $45.39 on Tuesday. The business’s 50-day simple moving average is $38.02 and its two-hundred day simple moving average is $34.51. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $46.25.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, analysts expect that Viking will post 1.12 earnings per share for the current fiscal year.

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.