Viking Holdings Ltd (NYSE:VIK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Viking Holdings Ltd (NYSE:VIK) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.85.

VIK has been the topic of several recent research reports. Bank of America lifted their target price on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Citigroup began coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Truist Financial boosted their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd.

Viking Price Performance

Shares of NYSE:VIK opened at $43.59 on Wednesday. The business’s 50 day simple moving average is $44.80 and its 200 day simple moving average is $38.58. Viking has a 1 year low of $25.71 and a 1 year high of $47.62.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new position in shares of Viking in the second quarter valued at approximately $2,063,879,000. FMR LLC grew its holdings in shares of Viking by 27.8% in the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after acquiring an additional 1,518,773 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of Viking in the second quarter valued at approximately $145,989,000. Franklin Resources Inc. grew its holdings in shares of Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after acquiring an additional 793,795 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

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.