Viking Holdings Ltd. (NYSE:VIK) Receives Average Recommendation of “Moderate Buy” from Analysts

Viking Holdings Ltd. (NYSE:VIK) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $84.1429.

Several equities analysts recently commented on VIK shares. Wall Street Zen upgraded Viking from a “hold” rating to a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Mizuho upped their price objective on Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Wells Fargo & Company upped their price objective on Viking from $78.00 to $79.00 and gave the company a “cautious” rating in a research note on Wednesday, April 15th. Finally, Susquehanna started coverage on Viking in a research note on Wednesday, April 22nd. They issued a “positive” rating and a $100.00 price objective on the stock.

Viking Stock Performance

Shares of VIK opened at $80.87 on Tuesday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a 50 day moving average price of $75.61 and a two-hundred day moving average price of $70.26. The firm has a market capitalization of $36.04 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.51 and a beta of 1.90. Viking has a 52 week low of $38.50 and a 52 week high of $87.00.

Viking (NYSE:VIK) last released its earnings results on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $1.72 billion during the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. Equities analysts forecast that Viking will post 3.31 earnings per share for the current fiscal year.

Insider Activity

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Viking

Institutional investors and hedge funds have recently made changes to their positions in the business. Optimize Financial Inc raised its stake in Viking by 1.4% during the fourth quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock worth $688,000 after purchasing an additional 136 shares during the period. S.A. Mason LLC raised its stake in shares of Viking by 7.5% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock valued at $154,000 after acquiring an additional 150 shares during the period. Park Avenue Securities LLC raised its stake in shares of Viking by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock valued at $481,000 after acquiring an additional 177 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of Viking by 3.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock valued at $413,000 after acquiring an additional 187 shares during the period. Finally, CI Investments Inc. raised its stake in shares of Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the period. 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.