Viking (NYSE:VIK) Hits New 12-Month High – Still a Buy?

Viking Holdings Ltd (NYSE:VIK)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $38.87 and last traded at $38.79, with a volume of 17808 shares. The stock had previously closed at $38.50.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price target on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Stifel Nicolaus upped their price target on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America boosted their target price on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Barclays began coverage on Viking in a report on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 price target for the company. Finally, Morgan Stanley increased their price objective on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.17.

Viking Trading Up 1.1 %

The stock has a 50-day simple moving average of $34.78.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities research analysts forecast that Viking Holdings Ltd will post 1.13 EPS for the current year.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently modified their holdings of the stock. Valley Wealth Managers Inc. bought a new position in shares of Viking during the second quarter valued at $35,000. American National Bank acquired a new position in Viking in the second quarter valued at about $68,000. Sunbelt Securities Inc. acquired a new position in Viking in the second quarter valued at about $68,000. SG Americas Securities LLC bought a new stake in Viking during the third quarter worth about $181,000. Finally, Scientech Research LLC acquired a new stake in shares of Viking during the second quarter worth approximately $200,000.

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.