In the latest trading session, 1.22 million Viking Holdings Ltd (NYSE:VIK) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $40.10 changing hands around $1.11 or 2.85% at last look, the market valuation stands at $17.75B. VIK’s current price is a discount, trading about -32.52% off its 52-week high of $53.14. The share price had its 52-week low at $25.71, which suggests the last value was 35.89% up since then. When we look at Viking Holdings Ltd’s average trading volume, we note the 10-day average is 4.62 million shares, with the 3-month average coming to 3.16 million.
Analysts gave the Viking Holdings Ltd (VIK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.57. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended VIK as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Viking Holdings Ltd’s EPS for the current quarter is expected to be -0.3.
Viking Holdings Ltd (NYSE:VIK) trade information
Instantly VIK is in green as seen in intraday trades today. With action -1.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.99%, with the 5-day performance at -1.01% in the red. However, in the 30-day time frame, Viking Holdings Ltd (NYSE:VIK) is -22.66% down. Looking at the short shares, we see there were 9.42 million shares sold at short interest cover period of 2.88 days.
The consensus price target for the stock as assigned by Wall Street analysts is 50.5, meaning bulls need an upside of 20.59% from its recent market value. According to analyst projections, VIK’s forecast low is 46 with 55 as the target high. To hit the forecast high, the stock’s price needs a -37.16% plunge from its current level, while the stock would need to soar -14.71% for it to hit the projected low.
Viking Holdings Ltd (VIK) estimates and forecasts
Year-over-year growth is forecast to reach 17.54% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 842.87M. 8 analysts are of the opinion that Viking Holdings Ltd’s revenue for the current quarter will be 1.84B. The company’s revenue for the corresponding quarters a year ago was 718.15M and 1.59B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.37%. The estimates for the next quarter sales put growth at 15.81%.
The 2025 estimates are for Viking Holdings Ltd earnings to increase by 25.96%, but the outlook for the next 5-year period is at 24.35% per year.
Viking Holdings Ltd (NYSE:VIK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.89% of Viking Holdings Ltd shares while 98.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.45%. There are 98.56% institutions holding the Viking Holdings Ltd stock share, with CANADA PENSION PLAN INVESTMENT BOARD the top institutional holder. As of 2024-06-30, the company held 16.6699% of the shares, roughly 60.81 million VIK shares worth $2.06 billion.
TPG GP A, LLC holds the second largest percentage of outstanding shares, with 16.6699% or 60.81 million shares worth $2.06 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Hartford Growth Opportunities Fund and Federated Hermes Kaufmann Fund. With 1.05 shares estimated at $42.19 million under it, the former controlled 0.00% of total outstanding shares. On the other hand, Federated Hermes Kaufmann Fund held about 0.00% of the shares, roughly 865.0 shares worth around $34.76 million.
