Viking Holdings Ltd (NYSE:VIK) Receives $40.50 Consensus PT from Brokerages

Viking Holdings Ltd (NYSE:VIK) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $41.00.

A number of research analysts have issued reports on VIK shares. Barclays upped their price objective on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their price target on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. Finally, Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Viking Stock Performance

Shares of NYSE:VIK opened at $44.92 on Tuesday. The stock’s fifty day simple moving average is $38.55 and its two-hundred day simple moving average is $34.69. Viking has a 1-year low of $25.71 and a 1-year high of $46.25.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, research analysts expect that Viking will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Large investors have recently added to or reduced their stakes in the company. Empirical Asset Management LLC boosted its stake in Viking by 6.0% during the third quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock worth $341,000 after acquiring an additional 550 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Viking in the 3rd quarter worth approximately $27,000. Fruth Investment Management increased its position in Viking by 1.4% during the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock valued at $2,505,000 after buying an additional 1,000 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Viking in the second quarter worth $35,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Viking in the second quarter worth $68,000.

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.