Viking (NYSE:VIK) Hits New 12-Month High – Still a Buy?

Viking Holdings Ltd. (NYSE:VIK) hit a new 52-week high during trading on Wednesday . The company traded as high as $92.22 and last traded at $91.30, with a volume of 1188381 shares changing hands. The stock had previously closed at $87.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VIK shares. UBS Group reiterated a “buy” rating and issued a $100.00 target price on shares of Viking in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Barclays upped their target price on Viking from $76.00 to $88.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on Viking in a research report on Friday, May 15th. Finally, Wells Fargo & Company upgraded Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $79.00 to $109.00 in a research report on Monday, May 18th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.86.

Viking Trading Up 5.0%

The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The company has a 50-day simple moving average of $78.76 and a 200 day simple moving average of $73.36. The firm has a market cap of $41.06 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.57.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted ($0.24) EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VIK. Newbridge Financial Services Group Inc. acquired a new position in shares of Viking during the 3rd quarter worth approximately $26,000. Activest Wealth Management raised its stake in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after buying an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new position in Viking in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC lifted its holdings in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

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.