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

Viking Holdings Ltd (NYSE:VIK) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $37.50.

Several equities analysts have recently weighed in on VIK shares. Stifel Nicolaus raised their price target on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Barclays lifted their target price on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Morgan Stanley boosted their price objective on shares of Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Finally, Bank of America increased their target price on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new stake in shares of Viking during the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. bought a new stake in Viking during the second quarter valued at approximately $68,000. American National Bank purchased a new stake in Viking during the second quarter valued at approximately $68,000. SG Americas Securities LLC bought a new position in Viking in the third quarter worth approximately $181,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in shares of Viking during the 3rd quarter worth $204,000.

Viking Stock Performance

Shares of VIK opened at $39.26 on Friday. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $39.70. The business has a 50-day simple moving average of $35.53.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, equities analysts predict that Viking will post 1.13 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.