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

Shares of Viking Holdings Ltd (NYSE:VIK) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $46.38.

A number of brokerages recently issued reports on VIK. BNP Paribas began coverage on shares of Viking in a research note on Thursday. They issued an “outperform” rating and a $47.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. UBS Group lifted their price target on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Truist Financial upped their price objective on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 14th. Finally, Loop Capital started coverage on Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock.

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Avior Wealth Management LLC boosted its stake in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after buying an additional 285 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock valued at $408,000 after purchasing an additional 491 shares in the last quarter. Commerce Bank grew its stake in shares of Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock worth $376,000 after purchasing an additional 625 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after purchasing an additional 700 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock worth $767,000 after purchasing an additional 1,165 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

Viking stock opened at $39.35 on Monday. Viking has a 12-month low of $25.71 and a 12-month high of $53.14. The company has a market capitalization of $16.98 billion and a price-to-earnings ratio of 151.33. The firm’s fifty day moving average price is $46.85 and its 200 day moving average price is $43.38.

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