Viking (NYSE:VIK) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Viking (NYSE:VIK) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other research analysts have also issued research reports about the company. Mizuho increased their target price on Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Morgan Stanley upped their price target on Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Finally, The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $78.00 in a report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $75.21.

Viking Price Performance

Shares of NYSE VIK opened at $68.43 on Friday. Viking has a 1 year low of $31.79 and a 1 year high of $81.48. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. The company’s 50-day moving average is $73.31 and its 200 day moving average is $67.77. The stock has a market capitalization of $30.50 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.26 and a beta of 1.96.

Viking (NYSE:VIK) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.67 EPS for the quarter. The business had revenue of $1.72 billion during the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. On average, sell-side analysts expect that Viking will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its stake in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after buying an additional 690 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Viking by 74.6% in the second quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock worth $78,193,000 after acquiring an additional 626,973 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Viking by 28.7% in the second quarter. Legal & General Group Plc now owns 47,710 shares of the company’s stock worth $2,543,000 after acquiring an additional 10,637 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Viking by 3,277.6% during the second quarter. Rhumbline Advisers now owns 216,845 shares of the company’s stock valued at $11,556,000 after acquiring an additional 210,425 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Viking by 0.7% during the second quarter. American Century Companies Inc. now owns 881,213 shares of the company’s stock valued at $46,960,000 after acquiring an additional 6,166 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

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.