Viking Holdings Ltd. (NYSE:VIK) Receives $66.00 Average Target Price from Brokerages

Shares of Viking Holdings Ltd. (NYSE:VIK) have earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $66.00.

A number of equities research analysts have recently issued reports on VIK shares. Mizuho set a $59.00 target price on shares of Viking in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Monday. UBS Group raised their price target on Viking from $69.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Jefferies Financial Group raised Viking from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Finally, Citigroup lifted their price objective on shares of Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 12th.

Viking Stock Up 0.7%

VIK stock opened at $73.35 on Wednesday. Viking has a 12 month low of $31.79 and a 12 month high of $74.61. The firm has a market capitalization of $32.50 billion, a PE ratio of 34.28, a P/E/G ratio of 0.84 and a beta of 2.12. The company’s 50 day simple moving average is $64.50 and its 200-day simple moving average is $60.32. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61.

Viking (NYSE:VIK) last released its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. Equities analysts expect that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently modified their holdings of VIK. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the 3rd quarter worth approximately $26,000. Pittenger & Anderson Inc. acquired a new position in Viking during the 2nd quarter worth about $27,000. Private Trust Co. NA bought a new stake in shares of Viking during the second quarter valued at approximately $29,000. CI Investments Inc. increased its stake in shares of Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Finally, Allworth Financial LP increased its position in Viking by 342.0% in the third quarter. Allworth Financial LP now owns 663 shares of the company’s stock worth $41,000 after purchasing an additional 513 shares during the period. 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.