Viking (NYSE:VIK) Now Covered by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group started coverage on shares of Viking (NYSE:VIK) in a research report issued on Monday,Benzinga reports. The firm set a “hold” rating and a $45.00 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 14.37% from the stock’s previous close.

Several other brokerages have also weighed in on VIK. Morgan Stanley lowered their price objective on Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. Truist Financial increased their price target on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. UBS Group upped their target price on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Citigroup assumed coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.29.

Viking Trading Down 4.6 %

Shares of VIK stock opened at $39.35 on Monday. Viking has a twelve month low of $25.71 and a twelve month high of $53.14. The company’s 50-day moving average price is $46.85 and its 200-day moving average price is $43.38. The stock has a market cap of $16.98 billion and a price-to-earnings ratio of 151.33.

Viking (NYSE:VIK) last posted its 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities research analysts predict that Viking will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Viking

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

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.