UBS Group Boosts Viking (NYSE:VIK) Price Target to $55.00

Viking (NYSE:VIK) had its price objective raised by analysts at UBS Group from $54.00 to $55.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 37.34% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Truist Financial boosted their price target on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Barclays set a $46.00 price objective on shares of Viking and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus raised their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.33.

Viking Price Performance

NYSE VIK opened at $40.05 on Tuesday. The company has a market capitalization of $17.28 billion and a price-to-earnings ratio of 154.03. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The company’s fifty day moving average price is $47.35 and its two-hundred day moving average price is $42.91.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, analysts anticipate that Viking will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VIK. Norges Bank bought a new stake in shares of Viking during the fourth quarter valued at about $245,038,000. Select Equity Group L.P. increased its stake in Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after buying an additional 3,658,225 shares during the period. Capital Research Global Investors raised its position in shares of Viking by 26.0% during the 4th 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 in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock worth $102,303,000 after acquiring an additional 2,274,900 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock valued at $105,092,000 after acquiring an additional 2,270,075 shares in the last quarter. 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.