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

Viking Holdings Ltd (NYSE:VIK) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $42.85.

A number of equities analysts recently weighed in on the stock. Truist Financial lifted their price objective on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Bank of America lifted their target price on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus increased their price target on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Citigroup assumed coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $37.00 to $49.00 in a report on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in shares of Viking in the second quarter valued at $2,063,879,000. Select Equity Group L.P. purchased a new position in shares of Viking during the 2nd quarter worth $145,989,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Viking in the second quarter valued at $73,247,000. Forest Avenue Capital Management LP acquired a new position in Viking in the second quarter valued at $58,008,000. Finally, D1 Capital Partners L.P. lifted its position in Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after buying an additional 1,703,301 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Stock Down 1.8 %

Viking stock opened at $42.57 on Wednesday. The stock has a 50 day moving average of $44.57 and a two-hundred day moving average of $38.32. Viking has a twelve month low of $25.71 and a twelve month high of $47.62.

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.