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

Viking Holdings Ltd (NYSE:VIK) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.13.

A number of analysts have weighed in on VIK shares. Stifel Nicolaus boosted their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Bank of America boosted their price target on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Truist Financial boosted their price objective on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Citigroup assumed coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Finally, Loop Capital assumed coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company.

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after acquiring an additional 285 shares during the period. CIBC Asset Management Inc increased its stake in Viking by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock valued at $408,000 after acquiring an additional 491 shares during the period. Commerce Bank grew its stake in shares of Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock valued at $376,000 after purchasing an additional 625 shares during the period. Merit Financial Group LLC grew its stake in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock valued at $916,000 after purchasing an additional 700 shares during the period. Finally, Simon Quick Advisors LLC grew its stake in shares of Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after purchasing an additional 1,165 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Up 3.3 %

Shares of NYSE:VIK opened at $47.88 on Thursday. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The business has a 50-day moving average of $47.80 and a two-hundred day moving average of $42.42.

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.