Viking Holdings Ltd (NYSE:VIK) Receives $49.00 Average Price Target from Analysts

Shares of Viking Holdings Ltd (NYSE:VIK) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $49.00.

A number of research analysts have recently issued reports on the company. UBS Group increased their target price on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Truist Financial increased their target price on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, March 14th. Stifel Nicolaus set a $50.00 target price on Viking and gave the company a “buy” rating in a research report on Wednesday, May 21st. Barclays decreased their target price on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They set an “outperform” rating and a $47.00 target price on the stock.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in Viking during the 4th quarter valued at about $567,000. Blue Chip Partners LLC purchased a new position in Viking during the 4th quarter valued at about $279,000. JPMorgan Chase & Co. boosted its holdings in Viking by 883.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after acquiring an additional 1,070,589 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Viking during the 4th quarter valued at about $339,000. Finally, Vontobel Holding Ltd. purchased a new position in Viking during the 4th quarter valued at about $416,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Trading Down 2.7%

Shares of NYSE:VIK opened at $46.46 on Friday. Viking has a twelve month low of $30.42 and a twelve month high of $53.14. The company’s 50 day moving average is $43.35 and its 200 day moving average is $44.70. The company has a market cap of $20.04 billion and a PE ratio of 37.77.

Viking (NYSE:VIK) last released 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. The company had revenue of $897.06 million during the quarter, compared to analysts’ expectations of $841.18 million. During the same quarter in the prior year, the company posted ($1.21) EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Equities research analysts predict 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.