Viking (NYSE:VIK) Reaches New 1-Year High – Should You Buy?

Shares of Viking Holdings Ltd (NYSE:VIK) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $44.29 and last traded at $44.29, with a volume of 3657 shares changing hands. The stock had previously closed at $43.62.

Analysts Set New Price Targets

Several brokerages have commented on VIK. Bank of America upped their target price on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their target price on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Stifel Nicolaus boosted their target price on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Barclays increased their price target on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Viking Stock Performance

The stock’s 50 day moving average is $36.52.

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

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC bought a new position in shares of Viking during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new position in Viking during the second quarter worth $35,000. American National Bank bought a new position in Viking in the second quarter valued at $68,000. Sunbelt Securities Inc. acquired a new stake in Viking in the 2nd quarter valued at $68,000. Finally, SG Americas Securities LLC bought a new stake in Viking during the 3rd quarter worth about $181,000.

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.