Viking (NYSE:VIK) Sets New 1-Year High – Time to Buy?

Viking Holdings Ltd. (NYSE:VIK) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.67 and last traded at $79.18, with a volume of 1416425 shares traded. The stock had previously closed at $77.22.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $80.00 in a research note on Monday, December 15th. UBS Group lifted their price target on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Barclays increased their target price on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Morgan Stanley increased their price objective on shares of Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Viking Stock Up 2.6%

The stock has a market capitalization of $35.10 billion, a PE ratio of 37.01, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. The company’s 50-day moving average is $73.10 and its 200 day moving average is $65.92.

Hedge Funds Weigh In On Viking

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Viking by 14.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,847 shares of the company’s stock worth $2,390,000 after acquiring an additional 5,647 shares during the period. Envestnet Asset Management Inc. raised its holdings in Viking by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock valued at $1,555,000 after buying an additional 1,766 shares during the period. Wealth Management Associates Inc. purchased a new stake in Viking in the second quarter valued at approximately $250,000. Finally, Spire Wealth Management acquired a new position in Viking during the 2nd quarter worth about $789,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.