Recent Analysts’ Ratings Changes for Viking (VIK)

Several brokerages have updated their recommendations and price targets on shares of Viking (NYSE: VIK) in the last few weeks:

• 11/20/2024 – Viking had its price target raised by analysts at Barclays PLC from $43.00 to $49.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Viking had its price target raised by analysts at Stifel Nicolaus from $39.00 to $50.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Viking had its price target raised by analysts at Bank of America Co. from $40.00 to $51.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Viking was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $49.00 price target on the stock, up previously from $37.00.
• 10/22/2024 – Viking had its price target raised by analysts at Barclays PLC from $39.00 to $43.00. They now have an “overweight” rating on the stock.

Viking Price Performance

VIK traded up $1.44 during midday trading on Tuesday, reaching $47.22. The company’s stock had a trading volume of 2,335,730 shares, compared to its average volume of 1,961,241. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $47.52. The stock’s 50-day moving average is $39.31 and its 200-day moving average is $35.08.

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Capital LLC purchased a new position in shares of Viking during the 2nd quarter worth about $2,250,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Viking during the second quarter valued at about $2,226,000. Cascade Investment Group Inc. acquired a new position in Viking during the 2nd quarter valued at approximately $289,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Viking in the second quarter valued at about $1,004,000. Finally, American National Bank purchased a new position in shares of Viking during the second quarter worth $68,000.

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.