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

Viking Holdings Ltd (NYSE:VIK - Get Free Report) has recently received an average recommendation of "Moderate Buy" from twelve research firms that follow the company, according to reports. Among these analysts, three have given a hold rating, while nine have classified the stock with a buy recommendation. The consensus price target for Viking stock over the next twelve months stands at $41.92, indicating expected growth among brokerages that have revised their assessments in the past year.

Recent Analyst Activities

Several analysts have provided their insights on Viking Holdings in recent weeks. For instance, Stifel Nicolaus increased their price target for Viking from $39.00 to $50.00, along with a "buy" rating in their research. Barclays has reaffirmed a more cautious "equal weight" rating, placing a target price of $49.00 on the stock. Additionally, Wells Fargo & Company raised their target from $35.00 to $39.00 and deemed the stock as "overweight". On the other hand, Morgan Stanley elevated their rating from "equal weight" to "overweight" and adjusted their price target from $37.00 to $49.00. Finally, Truist Financial also adjusted their target, setting it from $38.00 to $49.00 while maintaining a "hold" recommendation.

Institutional Investor Activity

Institutional investors have been actively modifying their positions in Viking Holdings. In the third quarter, Avior Wealth Management LLC established a new stake in the company valued at around $27,000. Valley Wealth Managers Inc. and American National Bank also acquired new positions during the second quarter, worth approximately $35,000 and $68,000 respectively. Sunbelt Securities Inc. and SG Americas Securities LLC joined the trend by investing $68,000 and $181,000 during the second and third quarters. Currently, institutional investors possess 98.84% of Viking's stock, reinforcing the firm's strong backing from these entities.

Current Stock Performance

On the market, Viking's stock opened at $45.49 recently. The company has experienced a 12-month low of $25.71 and a high of $47.62. Its fifty-day moving average stands at $42.51, while the 200-day moving average is $36.67. Despite the favorable analyst recommendations, the stock has seen a recent decline of approximately 1.5%.

About Viking Holdings Ltd

Viking Holdings Ltd is primarily engaged in passenger shipping and various transportation services in North America, the UK, and internationally. The company operates through its segments, which include River and Ocean transport. In addition to shipping, Viking is involved in tourism and related activities for passengers. As of December 31, 2023, the company manages a diverse fleet consisting of 92 vessels, including 81 river ships, 9 ocean ships, and 2 expedition ships, reflecting its broad operational scope in the maritime industry.

stocks, investment, analysts