Viking (NYSE:VIK) Reaches New 52-Week High – What’s Next?

Viking Holdings Ltd. (NYSE:VIK) reached a new 52-week high during trading on Monday . The stock traded as high as $74.00 and last traded at $73.5280, with a volume of 104002 shares trading hands. The stock had previously closed at $73.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VIK shares. The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and increased their target price for the stock from $66.00 to $78.00 in a report on Tuesday, December 9th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Wells Fargo & Company boosted their target price on Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Barclays upped their price target on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Finally, Citigroup lifted their price objective on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.00.

Viking Trading Up 1.2%

The company has a 50-day moving average price of $63.24 and a 200-day moving average price of $59.61. The firm has a market capitalization of $32.85 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 0.84 and a beta of 2.12. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63.

Viking (NYSE:VIK) last issued its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. As a group, research analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

Several hedge funds and other institutional investors have recently bought and sold shares of VIK. Invesco Ltd. grew its holdings in shares of Viking by 400.3% during the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after purchasing an additional 8,462,947 shares during the last quarter. Federated Hermes Inc. grew its stake in Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after buying an additional 6,715,666 shares during the last quarter. Norges Bank acquired a new position in Viking during the second quarter worth approximately $236,911,000. Massachusetts Financial Services Co. MA lifted its stake in Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after buying an additional 3,615,969 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Viking by 57.9% in the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after acquiring an additional 2,092,729 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.