Morgan Stanley Upgrades Viking Holdings: What Investors Should Know
Fintel reports that on November 12, 2024, Morgan Stanley upgraded their outlook for Viking Holdings (NYSE:VIK) from Equal-Weight to Overweight.
Analyst Price Forecast Indicates Possible Decline
As of October 22, 2024, the average one-year price target for Viking Holdings stands at $38.25 per share. Forecasts vary, with a low of $29.29 and a high of $42.00. This average indicates a potential decrease of 16.63% from its latest closing price of $45.88 per share.
Financials and Revenue Projections
The anticipated annual revenue for Viking Holdings is projected to be $4,628 million, representing a decline of 6.17%. The expected annual non-GAAP earnings per share (EPS) is $1.27.
Fundamentals and Increased Institutional Interest
According to recent data, 193 funds or institutions have reported positions in Viking Holdings, a significant increase of 141 owners or 271.15% in the last quarter. The average portfolio weight of all funds dedicated to VIK is 0.47%, marking a rise of 130.48%. Over the past three months, total shares owned by institutions surged by 118.12% to 145,974K shares. 
The put/call ratio for VIK is at 0.40, suggesting a bullish market sentiment.
The Canada Pension Plan Investment Board is the largest shareholder, holding 60,810K shares, which accounts for 20.01% of the company. Other significant investors include:
- Capital Research Global Investors – 6,845K shares (2.25%)
- Norges Bank – 6,177K shares (2.03%)
- T. Rowe Price Investment Management – 6,001K shares (1.98%)
- Wellington Management Group LLP – 5,279K shares (1.74%)
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
