Viking (NYSE:VIK) Hits New 52-Week High – Still a Buy?

Viking Holdings Ltd (NYSE:VIK)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.29 and last traded at $44.29, with a volume of 3657 shares traded. The stock had previously closed at $43.62.

Analyst Ratings Changes

A number of research analysts have commented on VIK shares. Barclays increased their price objective on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Stifel Nicolaus lifted their target price on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Viking Price Performance

The company’s fifty day moving average is $37.00.

Viking (NYSE:VIK) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.61 billion. On average, sell-side analysts predict that Viking Holdings Ltd will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC acquired a new position in shares of Viking during the 3rd quarter valued at $27,000. Valley Wealth Managers Inc. bought a new position in Viking during the second quarter valued at about $35,000. American National Bank acquired a new position in Viking during the second quarter worth about $68,000. Sunbelt Securities Inc. bought a new stake in Viking in the second quarter worth about $68,000. Finally, SG Americas Securities LLC acquired a new stake in Viking in the 3rd quarter valued at about $181,000.

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.