Viking (NYSE:VIK) Hits New 52-Week High – Time to Buy?

Viking Holdings Ltd (NYSE:VIK)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.87 and last traded at $38.79, with a volume of 17808 shares traded. The stock had previously closed at $38.50.

Analyst Ratings Changes

Several equities research analysts have recently commented on VIK shares. Stifel Nicolaus lifted their target price on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Barclays assumed coverage on shares of Viking in a research note on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 price objective on the stock. HSBC started coverage on Viking in a research report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Finally, Bank of America increased their target price on shares of Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.17.

Viking Price Performance

The business’s 50 day simple moving average is $34.78.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. Equities analysts forecast that Viking Holdings Ltd will post 1.13 EPS for the current year.

Institutional Trading of Viking

Several large investors have recently modified their holdings of the stock. Valley Wealth Managers Inc. acquired a new position in shares of Viking in the 2nd quarter valued at approximately $35,000. American National Bank bought a new stake in Viking during the second quarter worth $68,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking in the 2nd quarter valued at $68,000. SG Americas Securities LLC bought a new position in shares of Viking in the 3rd quarter valued at $181,000. Finally, Scientech Research LLC acquired a new position in shares of Viking during the 2nd quarter worth $200,000.

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.