Viking (NYSE:VIK) Price Target Raised to $55.00

Viking (NYSE:VIK) had its price target hoisted by UBS Group from $54.00 to $55.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Loop Capital began coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. Truist Financial increased their price objective on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. Citigroup began coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.33.

Viking Price Performance

NYSE:VIK opened at $39.83 on Tuesday. The firm has a market capitalization of $17.18 billion and a price-to-earnings ratio of 153.17. The company’s 50-day moving average is $47.29 and its two-hundred day moving average is $42.88. Viking has a 1-year low of $25.71 and a 1-year high of $53.14.

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 analysts anticipate that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in shares of Viking in the 3rd quarter valued at $27,000. Quarry LP acquired a new stake in shares of Viking in the 4th quarter valued at $66,000. Golden State Wealth Management LLC acquired a new stake in shares of Viking in the 4th quarter valued at $73,000. Orion Capital Management LLC acquired a new stake in shares of Viking in the 4th quarter valued at $110,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Viking in the 4th quarter valued at $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.