Jefferies Financial Group Initiates Coverage on Viking (NYSE:VIK)

Jefferies Financial Group assumed coverage on shares of Viking (NYSE:VIK) in a research note released on Monday, MarketBeat reports. The brokerage issued a hold rating and a $45.00 target price on the stock.

VIK has been the topic of a number of other research reports. BNP Paribas initiated coverage on Viking in a research note on Thursday, March 27th. They set an “outperform” rating and a $47.00 price target on the stock. Citigroup began coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price on the stock. Truist Financial upped their price target on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, March 14th. The Goldman Sachs Group began coverage on shares of Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target for the company. Finally, Loop Capital started coverage on shares of Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Viking has an average rating of “Moderate Buy” and an average target price of $46.29.

Viking Trading Up 1.1 %

Shares of Viking stock opened at $39.78 on Monday. The company has a fifty day simple moving average of $46.69 and a 200-day simple moving average of $43.43. The stock has a market cap of $17.16 billion and a price-to-earnings ratio of 153.00. Viking has a 12-month low of $25.71 and a 12-month high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business’s revenue was up 20.5% compared to the same quarter last year. On average, analysts forecast that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Viking

Institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC lifted its holdings in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after acquiring an additional 285 shares during the period. Quarry LP purchased a new position in shares of Viking in the 4th quarter valued at about $66,000. Golden State Wealth Management LLC purchased a new position in shares of Viking in the 4th quarter valued at about $73,000. Orion Capital Management LLC acquired a new stake in shares of Viking in the fourth quarter valued at about $110,000. Finally, New York State Common Retirement Fund purchased a new stake in Viking during the fourth quarter worth about $119,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.