Viking Holdings Ltd (NYSE:VIK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Viking Holdings Ltd (NYSE:VIK) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $37.50.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price objective on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Bank of America raised their price objective on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Barclays upped their target price on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday.

Institutional Investors Weigh In On Viking

Several institutional investors have recently added to or reduced their stakes in VIK. Valley Wealth Managers Inc. purchased a new stake in Viking in the 2nd quarter worth approximately $35,000. American National Bank bought a new position in shares of Viking during the second quarter valued at approximately $68,000. Sunbelt Securities Inc. purchased a new stake in Viking in the second quarter worth $68,000. SG Americas Securities LLC bought a new stake in Viking in the third quarter valued at $181,000. Finally, Scientech Research LLC purchased a new position in Viking during the 2nd quarter valued at $200,000.

Viking Stock Performance

NYSE:VIK opened at $38.79 on Friday. Viking has a twelve month low of $25.71 and a twelve month high of $39.70. The firm has a 50-day simple moving average of $35.26.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, research analysts expect that Viking will post 1.13 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.