Viking (NYSE:VIK) Reaches New 1-Year High – Here’s What Happened

Shares of Viking Holdings Ltd (NYSE:VIK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.70 and last traded at $39.69, with a volume of 1677345 shares trading hands. The stock had previously closed at $38.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Barclays boosted their price objective on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley boosted their price objective on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Viking Stock Performance

The business has a 50-day moving average of $35.53.

Viking (NYSE:VIK) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts anticipate that Viking Holdings Ltd will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Large investors have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Viking during the 2nd quarter worth about $2,226,000. U S Global Investors Inc. acquired a new stake in shares of Viking during the 3rd quarter worth about $1,169,000. Forest Avenue Capital Management LP acquired a new stake in shares of Viking during the 2nd quarter worth about $58,008,000. Canada Pension Plan Investment Board acquired a new stake in shares of Viking during the 2nd quarter worth about $2,063,879,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Viking during the 2nd quarter worth about $11,685,000.

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.