Viking Holdings Ltd (NYSE:VIK) Receives $42.85 Consensus Target Price from Analysts

Shares of Viking Holdings Ltd (NYSE:VIK) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.85.

VIK has been the topic of a number of recent research reports. Barclays reaffirmed an “equal weight” rating and set a $49.00 price objective on shares of Viking in a report on Friday, December 13th. Bank of America lifted 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. Stifel Nicolaus lifted their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Truist Financial lifted their target price on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Citigroup began coverage on shares of Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board acquired a new position in shares of Viking in the 2nd quarter valued at $2,063,879,000. FMR LLC lifted its stake in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during the period. Select Equity Group L.P. bought a new stake in shares of Viking in the 2nd quarter valued at $145,989,000. Franklin Resources Inc. increased its position in shares of Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after buying an additional 836,353 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Viking by 36.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

VIK stock opened at $43.59 on Wednesday. The business’s 50-day simple moving average is $44.72 and its 200 day simple moving average is $38.39. Viking has a twelve month low of $25.71 and a twelve month high of $47.62.

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.