Viking Holdings Ltd. (NYSE:VIK) Stock Has Average Target Price of $107.11

Viking Holdings Ltd. (NYSE:VIK) has earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $107.11.

VIK has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Viking from $109.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. BMO Capital Markets restated an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. Truist Financial cut their price target on Viking from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Morgan Stanley boosted their price target on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th.

Viking Stock Down 1.0%

Viking stock opened at $79.50 on Friday. Viking has a twelve month low of $56.37 and a twelve month high of $110.09. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market cap of $35.43 billion, a PE ratio of 26.41, a P/E/G ratio of 0.95 and a beta of 1.41. The firm’s 50 day moving average price is $93.90 and its two-hundred day moving average price is $88.44.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts predict that Viking will post 3.2 EPS for the current fiscal year.

Insider Transactions at Viking

In other Viking news, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president directly owned 585,571 shares in the company, valued at $50,107,310.47. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Viking by 18.3% in the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock valued at $98,000 after purchasing an additional 145 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Viking by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company’s stock worth $137,000 after purchasing an additional 255 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Viking during the 2nd quarter valued at about $31,000. AdvisorShares Investments LLC lifted its holdings in Viking by 17.8% during the 4th quarter. AdvisorShares Investments LLC now owns 2,213 shares of the company’s stock valued at $158,000 after purchasing an additional 335 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC acquired a new position in Viking in the first quarter valued at about $25,000. Institutional investors own 98.84% of the company’s stock.

Viking Company Profile

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.