Brokerages Set Viking Holdings Ltd. (NYSE:VIK) Target Price at $67.19

Viking Holdings Ltd. (NYSE:VIK) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $67.1875.

VIK has been the topic of a number of recent research reports. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and increased their target price for the stock from $60.00 to $80.00 in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Bank of America lifted their target price on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Barclays boosted their target price on shares of Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Finally, UBS Group upped their price target on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, December 4th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Viking in the third quarter valued at approximately $26,000. Pittenger & Anderson Inc. bought a new stake in shares of Viking during the 2nd quarter valued at $27,000. Private Trust Co. NA acquired a new stake in shares of Viking during the 2nd quarter worth $29,000. CI Investments Inc. grew its holdings in shares of Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Viking by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after purchasing an additional 334 shares during the period. 98.84% of the stock is owned by institutional investors.

Viking Price Performance

Shares of VIK opened at $69.68 on Friday. The company’s 50-day moving average is $68.95 and its 200-day moving average is $63.05. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The firm has a market capitalization of $30.88 billion, a PE ratio of 32.56, a PEG ratio of 0.61 and a beta of 2.07. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $74.61.

Viking (NYSE:VIK) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 15.53% and a return on equity of 716.92%. Viking’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. Equities analysts forecast that Viking will post 1.49 EPS for the current year.

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.