Viking Holdings Ltd. (NYSE:VIK) Receives Consensus Rating of “Moderate Buy” from Brokerages

Viking Holdings Ltd. (NYSE:VIK) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $105.1111.

Several equities analysts have recently commented on the company. UBS Group reiterated a “buy” rating and set a $100.00 target price on shares of Viking in a research note on Wednesday, May 27th. Wells Fargo & Company upped their price target on shares of Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial raised shares of Viking from a “hold” rating to a “buy” rating and upped their price target for the company from $75.00 to $102.00 in a report on Friday, May 22nd. Mizuho increased their price objective on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group raised their price objective on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th.

Insider Activity at Viking

In other news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the transaction, the executive vice president owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This trade represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 17,566 shares of company stock worth $1,640,166 over the last quarter.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prosperity Financial Group Inc. acquired a new position in shares of Viking during the fourth quarter valued at $1,114,000. Hiddenite Capital Partners LP acquired a new stake in shares of Viking in the 4th quarter worth about $3,213,000. World Investment Advisors acquired a new stake in shares of Viking in the 4th quarter worth about $1,151,000. Stephens Investment Management Group LLC lifted its position in Viking by 39.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock valued at $68,278,000 after purchasing an additional 269,274 shares during the last quarter. Finally, Virtus Wealth Solutions LLC acquired a new position in Viking during the 4th quarter valued at about $1,071,000. 98.84% of the stock is owned by institutional investors.

Viking Trading Up 0.7%

Shares of VIK opened at $108.31 on Thursday. The company has a market capitalization of $48.27 billion, a P/E ratio of 40.26, a P/E/G ratio of 1.23 and a beta of 1.50. Viking has a one year low of $55.55 and a one year high of $110.09. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The stock has a 50-day moving average price of $98.31 and a 200 day moving average price of $84.28.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned ($0.24) EPS. Viking’s quarterly revenue was up 17.5% on a year-over-year basis. Sell-side analysts forecast that Viking will post 3.32 EPS for the current fiscal 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.