Viking (NYSE:VIK) Hits New 1-Year High – Still a Buy?

Viking Holdings Ltd (NYSE:VIK)’s share price reached a new 52-week high on Thursday . The stock traded as high as $38.49 and last traded at $38.40, with a volume of 766674 shares changing hands. The stock had previously closed at $37.87.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Truist Financial assumed coverage on Viking in a research report on Friday, June 21st. They issued a “hold” rating and a $38.00 price objective on the stock. HSBC assumed coverage on Viking in a research report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 price objective on the stock. Bank of America upped their price objective on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Barclays began coverage on Viking in a research report on Tuesday, July 2nd. They issued an “overweight” rating and a $39.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.17.

Viking Stock Up 0.7 %

The firm’s 50 day moving average price is $34.30.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Research analysts expect that Viking Holdings Ltd will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of Viking in the 2nd quarter worth approximately $35,000. Sunbelt Securities Inc. acquired a new position in shares of Viking during the 2nd quarter valued at $68,000. American National Bank acquired a new position in shares of Viking during the 2nd quarter valued at $68,000. SG Americas Securities LLC acquired a new position in shares of Viking during the 3rd quarter valued at $181,000. Finally, Scientech Research LLC acquired a new position in shares of Viking during the 2nd quarter valued at $200,000.

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.