Brokerages Set Viking Holdings Ltd (NYSE:VIK) Target Price at $35.42

Shares of Viking Holdings Ltd (NYSE:VIK) have received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.83.

A number of brokerages have recently weighed in on VIK. JPMorgan Chase & Co. assumed coverage on Viking in a research note on Tuesday, May 28th. They set an “overweight” rating and a $34.00 price target on the stock. Redburn Atlantic began coverage on shares of Viking in a research note on Tuesday, May 28th. They set a “neutral” rating and a $29.00 price target on the stock. Melius initiated coverage on shares of Viking in a research note on Wednesday, May 22nd. They set a “buy” rating and a $37.00 price objective for the company. Melius Research assumed coverage on Viking in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on Viking in a research report on Tuesday, May 28th. They set an “overweight” rating and a $35.00 price target for the company.

Institutional Trading of Viking

Several hedge funds and other institutional investors have recently bought and sold shares of VIK. American National Bank purchased a new stake in Viking in the 2nd quarter worth approximately $68,000. Cascade Investment Group Inc. acquired a new position in shares of Viking in the 2nd quarter valued at $289,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Viking during the second quarter worth $1,004,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Viking during the second quarter valued at $2,226,000. Finally, Renaissance Capital LLC purchased a new position in Viking in the second quarter valued at $2,250,000.

Viking Stock Performance

Shares of VIK stock opened at $36.75 on Wednesday. Viking has a 52-week low of $25.71 and a 52-week high of $37.25. The company’s 50 day simple moving average is $32.21.

Viking (NYSE:VIK) last issued its quarterly earnings data on Wednesday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.43. The firm had revenue of $718.16 million during the quarter, compared to analysts’ expectations of $705.70 million. Sell-side analysts anticipate that Viking will post 1.18 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.