Brokerages Set Viking Holdings Ltd (NYSE:VIK) Target Price at $46.33

Viking Holdings Ltd (NYSE:VIK) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $46.38.

Several research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group began coverage on shares of Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price on the stock. Citigroup began coverage on shares of Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price target on the stock. BNP Paribas started coverage on shares of Viking in a research note on Thursday. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th.

Viking Stock Performance

NYSE VIK opened at $39.35 on Monday. The firm has a market capitalization of $16.98 billion and a P/E ratio of 151.33. The stock has a 50-day simple moving average of $46.85 and a two-hundred day simple moving average of $43.38. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Viking’s revenue was up 20.5% compared to the same quarter last year. As a group, analysts forecast that Viking will post 1.49 earnings per share for the current year.

Institutional Trading of Viking

A number of large investors have recently made changes to their positions in VIK. Avior Wealth Management LLC acquired a new stake in shares of Viking during the 3rd quarter worth about $27,000. Commerce Bank acquired a new stake in shares of Viking during the third quarter worth $276,000. Massachusetts Financial Services Co. MA grew its holdings in Viking by 36.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Viking in the third quarter valued at approximately $1,269,000. Finally, Cerity Partners LLC acquired a new stake in shares of Viking during the 3rd quarter worth $882,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.