Viking (NYSE:VIK) Sets New 12-Month High – Time to Buy?

Shares of Viking Holdings Ltd (NYSE:VIK) hit a new 52-week high during trading on Tuesday . The stock traded as high as $46.72 and last traded at $46.50, with a volume of 44840 shares. The stock had previously closed at $45.78.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Wells Fargo & Company raised their target price on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased 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. Bank of America lifted their price target on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays boosted their target price on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Viking Stock Performance

The stock’s 50-day moving average price is $39.60 and its 200 day moving average price is $35.22.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIK. Avior Wealth Management LLC purchased a new stake in Viking in the third quarter worth about $27,000. Valley Wealth Managers Inc. purchased a new position in Viking during the second quarter valued at approximately $35,000. American National Bank bought a new position in shares of Viking in the 2nd quarter worth $68,000. Sunbelt Securities Inc. bought a new position in Viking in the second quarter worth about $68,000. Finally, SG Americas Securities LLC bought a new stake in shares of Viking in the 3rd quarter valued at about $181,000.

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.