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

Viking Holdings Ltd (NYSE:VIK) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.92.

Several analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research report on Friday. Wells Fargo & Company raised their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Finally, Truist Financial raised their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd.

Institutional Investors Weigh In On Viking

Institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC acquired a new position in Viking in the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new position in Viking during the 2nd quarter valued at approximately $35,000. American National Bank bought a new position in Viking during the 2nd quarter worth $68,000. Sunbelt Securities Inc. acquired a new stake in Viking in the second quarter worth $68,000. Finally, SG Americas Securities LLC bought a new stake in Viking in the third quarter valued at $181,000. Institutional investors own 98.84% of the company’s stock.

Viking Stock Down 1.5 %

Viking stock opened at $45.49 on Friday. Viking has a 12-month low of $25.71 and a 12-month high of $47.62. The firm’s fifty day moving average price is $42.51 and its 200 day moving average price is $36.67.

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.