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

Shares of Viking Holdings Ltd. (NYSE:VIK) hit a new 52-week high during trading on Monday . The company traded as high as $86.31 and last traded at $86.2010, with a volume of 1496940 shares changing hands. The stock had previously closed at $85.80.

Wall Street Analyst Weigh In

VIK has been the subject of a number of research reports. Susquehanna initiated coverage on shares of Viking in a report on Wednesday. They set a “positive” rating and a $100.00 target price for the company. Citigroup upped their target price on shares of Viking from $88.00 to $90.00 and gave the company a “buy” rating in a report on Monday, April 13th. Bank of America upped their target price on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 12th. Barclays dropped their price target on shares of Viking from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.93.

Viking Price Performance

The firm has a 50 day moving average of $75.18 and a 200-day moving average of $69.66. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The company has a market cap of $35.66 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.58 and a beta of 1.90.

Viking (NYSE:VIK) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share (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, equities research analysts predict that Viking Holdings Ltd. will post 3.32 EPS for the current year.

Insider Buying and Selling at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently modified their holdings of the stock. Activest Wealth Management boosted its position in shares of Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Viking during the fourth quarter worth $28,000. Cornerstone Planning Group LLC boosted its position in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after acquiring an additional 316 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Viking during the third quarter worth $26,000. 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.