Brokerages Set Viking Holdings Ltd (NYSE:VIK) Target Price at $41.92

Shares of Viking Holdings Ltd (NYSE:VIK) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $41.92.

Several equities research analysts have commented on VIK shares. Wells Fargo & Company boosted their target price on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Truist Financial boosted their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research report on Friday. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd.

Viking Stock Performance

Shares of Viking stock opened at $46.11 on Friday. The stock’s 50-day moving average is $42.70 and its 200-day moving average is $36.87. Viking has a one year low of $25.71 and a one year high of $47.62.

Institutional Trading of Viking

A number of hedge funds have recently made changes to their positions in the business. Empirical Asset Management LLC raised its stake in Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after acquiring an additional 550 shares during the period. Avior Wealth Management LLC bought a new position in shares of Viking in the third quarter valued at about $27,000. Fruth Investment Management lifted its stake in shares of Viking by 1.4% during the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock worth $2,505,000 after buying an additional 1,000 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Viking during the 2nd quarter worth about $35,000. Finally, Sunbelt Securities Inc. acquired a new position in Viking in the 2nd quarter valued at about $68,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.