Viking Holdings Ltd. (NYSE:VIK) Receives $49.87 Average Target Price from Brokerages

Shares of Viking Holdings Ltd. (NYSE:VIK) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.87.

A number of brokerages have issued reports on VIK. Barclays cut their price target on Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Melius Research set a $51.00 price target on Viking in a research note on Monday, April 21st. BNP Paribas began coverage on Viking in a research note on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price target for the company. Loop Capital reiterated a “buy” rating on shares of Viking in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group cut their price target on Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Select Equity Group L.P. lifted its holdings in shares of Viking by 8.0% in the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock valued at $741,608,000 after acquiring an additional 1,376,899 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after acquiring an additional 2,492,724 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Viking by 6.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock valued at $350,922,000 after acquiring an additional 528,843 shares during the last quarter. Norges Bank bought a new position in shares of Viking in the 4th quarter valued at about $245,038,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Viking by 1,972.0% in the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock valued at $105,092,000 after acquiring an additional 2,270,075 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

NYSE:VIK opened at $55.56 on Wednesday. The firm has a market capitalization of $24.62 billion, a price-to-earnings ratio of 45.17, a price-to-earnings-growth ratio of 0.68 and a beta of 2.38. Viking has a one year low of $30.56 and a one year high of $55.77. The business has a fifty day moving average price of $46.94 and a 200-day moving average price of $45.28.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The firm had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. During the same period in the prior year, the business posted ($1.21) EPS. Viking’s revenue was up 24.9% on a year-over-year basis. On average, equities research analysts expect 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.