Viking Holdings Ltd. (NYSE:VIK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Viking Holdings Ltd. (NYSE:VIK) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $96.3750.

Several analysts have issued reports on the company. Mizuho upped their target price on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Viking in a report on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on Viking in a report on Friday, May 15th. Sanford C. Bernstein assumed coverage on Viking in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 target price for the company. Finally, Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th.

Insider Buying and Selling at Viking

In other news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the transaction, the executive vice president owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 92,566 shares of company stock worth $7,657,130.

Hedge Funds Weigh In On Viking

Several large investors have recently modified their holdings of the business. Invesco Ltd. lifted its stake in shares of Viking by 4.1% in the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after purchasing an additional 570,672 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Viking by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock valued at $614,960,000 after purchasing an additional 136,918 shares during the last quarter. Norges Bank acquired a new position in shares of Viking in the 4th quarter valued at $372,297,000. AQR Capital Management LLC lifted its stake in shares of Viking by 316.8% in the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after purchasing an additional 3,364,265 shares during the last quarter. Finally, Dream Peak Capital Ltd acquired a new position in shares of Viking in the 4th quarter valued at $223,744,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Negative Sentiment: EVP Richard Marnell disclosed multiple stock sales over June 12-16, including 11,287 shares, 6,120 shares, and 159 shares, reducing his holdings by a combined amount. Insider selling can sometimes weigh on sentiment because it may signal executives are taking profits after the stock’s recent run-up. Article Title
• Neutral Sentiment: Several articles referenced “Viking” in a cultural or historical context, including coverage of Norway’s World Cup branding, a Viking sword discovery, and a Viking settlement dig. These stories are not tied to Viking Holdings’ operations and are unlikely to materially affect the stock. Article Title
• Neutral Sentiment: General market commentary on shipping stocks listed Viking Holdings as a company to watch, but no specific new catalysts were provided. That makes the item more of a watchlist mention than a direct stock-moving event. Article Title

Viking Stock Down 0.6%

Shares of NYSE:VIK opened at $94.29 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The business has a fifty day moving average of $84.50 and a two-hundred day moving average of $76.55. The stock has a market cap of $42.02 billion, a P/E ratio of 35.05, a PEG ratio of 1.37 and a beta of 1.59. Viking has a 52-week low of $47.02 and a 52-week high of $96.54.

Viking (NYSE:VIK) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) EPS. On average, research analysts expect that Viking will post 3.28 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.