Viking (NYSE:VIK) Price Target Raised to $75.00 at Stifel Nicolaus

Viking (NYSE:VIK) had its price objective lifted by research analysts at Stifel Nicolaus from $50.00 to $75.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 23.86% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Loop Capital reissued a “buy” rating on shares of Viking in a research report on Wednesday, May 21st. Citigroup upped their target price on shares of Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Barclays upped their target price on shares of Viking from $45.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Viking from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Finally, Melius Research set a $51.00 target price on shares of Viking in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.00.

Viking Price Performance

Shares of VIK stock opened at $60.55 on Thursday. Viking has a 1 year low of $30.75 and a 1 year high of $60.87. The firm has a fifty day moving average price of $54.95 and a 200-day moving average price of $47.89. The company has a market cap of $26.83 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 0.69 and a beta of 2.40.

Viking (NYSE:VIK) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The firm had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. During the same quarter in the previous year, the firm posted ($1.21) EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities research analysts expect that Viking will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. bought a new position in shares of Viking during the 2nd quarter valued at about $27,000. Private Trust Co. NA bought a new position in shares of Viking during the 2nd quarter valued at about $29,000. Costello Asset Management INC bought a new position in shares of Viking during the 1st quarter valued at about $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Viking during the 2nd quarter valued at about $53,000. Finally, Harbour Investments Inc. boosted its holdings in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after purchasing an additional 346 shares during the last quarter. Institutional investors 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.