Bank of America Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price objective lifted by Bank of America from $40.00 to $51.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Barclays upped their price objective on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Stifel Nicolaus raised their price target on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.58.

Viking Stock Performance

Shares of VIK stock opened at $45.34 on Wednesday. The company has a 50 day moving average of $37.76 and a 200-day moving average of $34.38. Viking has a 12-month low of $25.71 and a 12-month high of $46.25.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, sell-side analysts forecast that Viking will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC purchased a new position in Viking in the third quarter worth $27,000. Valley Wealth Managers Inc. bought a new stake in Viking in the 2nd quarter worth approximately $35,000. Sunbelt Securities Inc. purchased a new stake in Viking in the second quarter worth approximately $68,000. American National Bank purchased a new position in shares of Viking during the second quarter worth approximately $68,000. Finally, SG Americas Securities LLC purchased a new position in shares of Viking during the third quarter worth approximately $181,000.

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.