Viking (NYSE:VIK) Reaches New 1-Year High – Still a Buy?

Viking Holdings Ltd. (NYSE:VIK)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $74.83 and last traded at $72.3590, with a volume of 174556 shares. The stock had previously closed at $74.29.

Analyst Upgrades and Downgrades

Several research firms have commented on VIK. Wells Fargo & Company boosted their price target on shares of Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $80.00 in a report on Monday, December 15th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Citigroup increased their price target on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Truist Financial lifted their price objective on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.19.

Viking Price Performance

The stock has a fifty day simple moving average of $70.02 and a 200-day simple moving average of $63.55. The company has a market capitalization of $32.24 billion, a PE ratio of 33.85, a P/E/G ratio of 0.61 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.

Viking (NYSE:VIK) last issued its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Equities analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VIK. S.A. Mason LLC raised its stake in Viking by 7.5% during the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock worth $154,000 after acquiring an additional 150 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Viking by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after purchasing an additional 177 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Viking by 3.3% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock worth $413,000 after purchasing an additional 187 shares in the last quarter. CI Investments Inc. lifted its holdings 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 purchasing an additional 191 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in shares of Viking by 1.5% in the 3rd quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company’s stock valued at $1,065,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds 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.