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

Shares of Viking Holdings Ltd (NYSE:VIK) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $41.00.

A number of brokerages have weighed in on VIK. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Barclays upped their price target on shares of Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC bought a new stake in Viking in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new stake in Viking in the second quarter worth $35,000. American National Bank purchased a new stake in Viking during the second quarter valued at $68,000. Sunbelt Securities Inc. bought a new position in Viking during the second quarter valued at $68,000. Finally, SG Americas Securities LLC purchased a new position in shares of Viking in the 3rd quarter worth $181,000.

Viking Price Performance

Viking stock opened at $45.34 on Tuesday. Viking has a 12 month low of $25.71 and a 12 month high of $46.41. The business’s fifty day simple moving average is $39.05 and its two-hundred day simple moving average is $34.87.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. Sell-side analysts predict that Viking will post 1.31 earnings per share for the current year.

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.