Viking Holdings Ltd. (NYSE:VIK) Receives Consensus Rating of “Moderate Buy” from Analysts

Viking Holdings Ltd. (NYSE:VIK) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $107.11.

A number of brokerages have recently issued reports on VIK. Truist Financial cut their target price on Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group increased their price target on Viking from $100.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Stifel Nicolaus dropped their price target on Viking from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Morgan Stanley boosted their price objective on Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Jefferies Financial Group upped their price objective on shares of Viking from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 17th.

Viking Trading Down 1.0%

Viking stock opened at $79.50 on Friday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.41. Viking has a 1 year low of $56.37 and a 1 year high of $110.09. The firm’s 50 day moving average price is $93.90 and its two-hundred day moving average price is $88.44.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%.The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, research analysts predict that Viking will post 3.2 EPS for the current fiscal year.

Insider Activity

In other news, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the sale, the executive vice president owned 585,571 shares in the company, valued at $50,107,310.47. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Viking in the second quarter valued at $1,644,000. Junto Capital Management LP purchased a new stake in Viking in the 2nd quarter worth about $53,317,000. Sequoia Financial Advisors LLC boosted its position in Viking by 90.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,376 shares of the company’s stock worth $563,000 after acquiring an additional 2,556 shares during the period. Tidal Investments LLC boosted its position in Viking by 223.0% during the 2nd quarter. Tidal Investments LLC now owns 29,166 shares of the company’s stock worth $3,053,000 after acquiring an additional 20,137 shares during the period. Finally, Scholtz & Company LLC purchased a new position in Viking during the 2nd quarter valued at about $1,744,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Viking

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.