Viking (NYSE:VIK) Price Target Cut to $45.00 by Analysts at Barclays

Viking (NYSE:VIK) had its price objective reduced by Barclays from $46.00 to $45.00 in a research report report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts also recently issued reports on VIK. BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They set an “outperform” rating and a $47.00 price target on the stock. Jefferies Financial Group started coverage on shares of Viking in a research report on Monday, March 31st. They set a “hold” rating and a $45.00 target price on the stock. UBS Group boosted their price target on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Redburn Atlantic upgraded shares of Viking to a “hold” rating in a research note on Tuesday, April 1st. Finally, Loop Capital initiated coverage on shares of Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.12.

Viking Price Performance

VIK stock opened at $38.03 on Tuesday. The company has a market capitalization of $16.41 billion and a PE ratio of 146.26. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The firm’s 50-day moving average is $42.47 and its 200 day moving average is $43.86.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating 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 was up 20.5% compared to the same quarter last year. Sell-side analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Hedge funds have recently modified their holdings of the stock. Select Equity Group L.P. grew its position 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 worth $761,353,000 after purchasing an additional 3,658,225 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after buying an additional 2,492,724 shares during the last quarter. Norges Bank acquired a new position in shares of Viking in the 4th quarter valued at $245,038,000. Franklin Resources Inc. raised its stake in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after acquiring an additional 836,353 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock worth $105,092,000 after acquiring an additional 2,270,075 shares during the period. 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.