Viking (NYSE:VIK) Price Target Raised to $50.00

Viking (NYSE:VIK) had its target price boosted by Truist Financial from $49.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other research firms have also recently commented on VIK. Citigroup initiated coverage on Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price on the stock. The Goldman Sachs Group initiated coverage on Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Stifel Nicolaus lifted their price target on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Loop Capital initiated coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Viking Price Performance

VIK opened at $40.33 on Friday. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The stock has a market cap of $17.40 billion and a P/E ratio of 155.11. The stock’s 50 day moving average price is $47.50 and its 200 day moving average price is $42.83.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Equities analysts anticipate that Viking will post 1.49 EPS for the current year.

Institutional Trading of Viking

Several hedge funds and other institutional investors have recently modified their holdings of the business. Select Equity Group L.P. boosted its position in shares of Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock worth $761,353,000 after buying an additional 3,658,225 shares during the period. Capital Research Global Investors boosted its position in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after buying an additional 2,492,724 shares during the period. FMR LLC boosted its position in shares of Viking by 27.8% in the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after buying an additional 1,518,773 shares during the period. Norges Bank acquired a new stake in shares of Viking in the fourth quarter worth $245,038,000. Finally, Franklin Resources Inc. boosted its position in shares of Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after buying an additional 836,353 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.