Viking Holdings Ltd (NYSE:VIK) Given Average Rating of “Moderate Buy” by Brokerages

Viking Holdings Ltd (NYSE:VIK) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $45.13.

A number of equities research analysts recently commented on VIK shares. Bank of America lifted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price for the company. Citigroup began coverage on shares of Viking in a report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price target for the company. Loop Capital began coverage on Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Stifel Nicolaus raised their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th.

Viking Stock Performance

Shares of NYSE VIK opened at $47.48 on Thursday. The company’s 50 day simple moving average is $47.74 and its 200 day simple moving average is $42.25. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14.

Hedge Funds Weigh In On Viking

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of Viking during the 3rd quarter worth about $2,222,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Viking during the 3rd quarter worth about $204,000. Diversify Wealth Management LLC bought a new stake in shares of Viking during the 3rd quarter worth about $2,174,000. Entropy Technologies LP acquired a new position in Viking in the 3rd quarter valued at about $830,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Viking during the third quarter worth approximately $2,182,000. 98.84% of the stock is owned by institutional investors.

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.