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

Viking Holdings Ltd (NYSE:VIK) has been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $46.33.

A number of analysts have issued reports on the company. Morgan Stanley decreased their target price on Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group assumed coverage on Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. Citigroup started coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective on the stock. Truist Financial increased their target price on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. Finally, Barclays set a $46.00 price target on shares of Viking and gave the company an “equal weight” rating in a research report on Wednesday, March 12th.

Viking Stock Performance

VIK opened at $40.11 on Monday. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The firm has a 50-day moving average of $47.22 and a 200 day moving average of $43.07. The firm has a market cap of $17.30 billion and a P/E ratio of 154.25.

Viking (NYSE:VIK) last released its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Viking’s quarterly revenue was up 20.5% on a year-over-year basis. Equities research analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VIK. Avior Wealth Management LLC bought a new stake in Viking during the third quarter valued at $27,000. Quarry LP purchased a new stake in shares of Viking in the 4th quarter valued at about $66,000. Golden State Wealth Management LLC bought a new stake in shares of Viking during the 4th quarter valued at about $73,000. Orion Capital Management LLC purchased a new position in shares of Viking during the fourth quarter worth about $110,000. Finally, New York State Common Retirement Fund bought a new position in shares of Viking in the fourth quarter worth approximately $119,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.