Viking Holdings Ltd. (NYSE:VIK) Receives $96.38 Average Target Price from Analysts

Viking Holdings Ltd. (NYSE:VIK) has received an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $96.3750.

A number of analysts have weighed in on VIK shares. Morgan Stanley reissued an “equal weight” rating and set a $86.00 price objective (up from $81.00) on shares of Viking in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Weiss Ratings cut shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Truist Financial raised shares of Viking from a “hold” rating to a “buy” rating and raised their price objective for the stock from $75.00 to $102.00 in a report on Friday, May 22nd. Finally, Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th.

Viking Stock Up 1.1%

VIK stock opened at $101.17 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. Viking has a twelve month low of $50.30 and a twelve month high of $101.34. The company’s 50 day moving average is $86.74 and its two-hundred day moving average is $77.65. The stock has a market cap of $45.09 billion, a P/E ratio of 37.61, a PEG ratio of 1.45 and a beta of 1.59.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Research analysts expect that Viking will post 3.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard Marnell sold 11,287 shares of Viking stock in a transaction on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares in the company, valued at $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,566 shares of company stock worth $7,657,130 over the last ninety days.

Hedge Funds Weigh In On Viking

Institutional investors have recently modified their holdings of the business. Activest Wealth Management increased its holdings in shares of 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 period. Bank of Jackson Hole Trust acquired a new position in shares of Viking in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC increased its holdings in shares of Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 365 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Viking in the 3rd quarter valued at $26,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking announced a new senior vice president of sales, a leadership move that could support growth and strengthen commercial execution. Viking announces new senior vice president of sales
• Neutral Sentiment: Several viral “Viking row” stories tied to Norway’s World Cup celebrations are circulating, but these articles are about sports/fan culture rather than Viking Holdings’ cruise business, so they are unlikely to materially affect the stock. Norway fans take over Times Square with Viking row
• Neutral Sentiment: A market article highlighting shipping stocks may offer a broad sector read-through, but it does not specifically change Viking Holdings’ outlook on its own. Best Shipping Stocks To Consider – June 21st

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.