Viking Holdings Ltd (NYSE:VIK) Receives $37.50 Average PT from Brokerages

Shares of Viking Holdings Ltd (NYSE:VIK) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $37.50.

Several equities analysts recently commented on VIK shares. Stifel Nicolaus boosted their target price on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley lifted their price objective on shares of Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. increased their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America upped their price objective on Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company increased their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th.

Viking Trading Up 0.3 %

Shares of Viking stock opened at $39.26 on Friday. The stock has a 50-day moving average price of $35.53. Viking has a 12-month low of $25.71 and a 12-month high of $39.70.

Viking (NYSE:VIK) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, analysts anticipate that Viking will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Several hedge funds and other institutional investors have recently modified their holdings of VIK. Diversify Wealth Management LLC purchased a new stake in Viking in the third quarter worth about $2,174,000. China Universal Asset Management Co. Ltd. bought a new position in shares of Viking in the 3rd quarter worth approximately $204,000. International Assets Investment Management LLC purchased a new position in shares of Viking in the 3rd quarter valued at approximately $2,222,000. GAM Holding AG purchased a new position in shares of Viking in the 3rd quarter valued at approximately $14,253,000. Finally, U S Global Investors Inc. bought a new stake in shares of Viking during the third quarter valued at approximately $1,169,000.

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.