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

Viking Holdings Ltd (NYSE:VIK)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $50.20 and last traded at $49.30, with a volume of 716582 shares trading hands. The stock had previously closed at $49.06.

Wall Street Analyst Weigh In

VIK has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. The Goldman Sachs Group started coverage on Viking in a report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target for the company. Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Barclays reiterated an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and ten 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 an average price target of $44.43.

Viking Price Performance

The stock’s 50 day moving average is $45.73 and its two-hundred day moving average is $39.83.

Institutional Investors Weigh In On Viking

Several large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new stake in shares of Viking in the 2nd quarter valued at about $68,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Viking in the second quarter valued at approximately $4,539,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Viking during the 2nd quarter worth approximately $33,940,000. SG Americas Securities LLC acquired a new position in shares of Viking during the 3rd quarter worth approximately $181,000. Finally, Westend Capital Management LLC bought a new stake in Viking in the 3rd quarter valued at $9,272,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.