Viking (NYSE:VIK) Hits New 12-Month High on Analyst Upgrade

Viking Holdings Ltd. (NYSE:VIK) shares reached a new 52-week high during mid-day trading on Thursday after Wells Fargo & Company raised their price target on the stock from $109.00 to $128.00. Wells Fargo & Company currently has an overweight rating on the stock. Viking traded as high as $110.09 and last traded at $108.3110, with a volume of 1916236 shares traded. The stock had previously closed at $107.52.

Other research analysts also recently issued research reports about the company. Loop Capital started coverage on Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Weiss Ratings cut shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Morgan Stanley upped their price target on shares of Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, BNP Paribas Exane reiterated an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.11.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 17,566 shares of company stock valued at $1,640,166 in the last quarter.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Wells Fargo raised its price target for Viking to $128, reinforcing the bullish analyst view and implying additional upside from recent trading levels. Wells Fargo Increases Viking Price Target
• Positive Sentiment: Viking took delivery of the Viking Ptah, its newest Egypt river ship. The addition expands the company’s Nile River fleet and its ability to serve demand for Egypt itineraries, although the financial impact will develop over time. Viking Takes Delivery of Newest Egypt Ship
• Positive Sentiment: Viking opened bookings for its 2028–2029 ocean voyages. Early availability of future sailings may help extend the company’s booking pipeline and provides a signal of continued long-term demand for its ocean products. Viking Opens Bookings for 2028–2029 Ocean Voyages
• Neutral Sentiment: Viking scheduled a conference call to discuss its second-quarter 2026 financial results. The announcement itself does not change earnings expectations, but the report and management commentary could drive the next significant move in VIK by updating investors on bookings, pricing, margins and guidance. Viking Sets Date for Q2 2026 Earnings Call

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Viking during the 2nd quarter valued at $303,000. Daiwa Securities Group Inc. acquired a new stake in shares of Viking during the 2nd quarter valued at $922,000. State Street Corp grew its position in Viking by 34,748.5% during the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after acquiring an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC grew its position in Viking by 275.0% during the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after acquiring an additional 22,188 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Trading Down 0.5%

The business has a fifty day simple moving average of $98.86 and a 200-day simple moving average of $84.69. 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 firm has a market cap of $47.07 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 1.22 and a beta of 1.50.

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

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.