Viking (NYSE:VIK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Viking (NYSE:VIK) from a hold rating to a buy rating in a research note released on Sunday.

Several other research analysts also recently weighed in on VIK. Truist Financial upped their price target on Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, March 24th. Barclays upped their price target on Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company decreased their price objective on Viking from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Bank of America increased their target price on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group raised shares of Viking from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $78.00 in a report on Tuesday, December 9th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $75.21.

Viking Trading Down 2.7%

VIK stock opened at $71.47 on Friday. Viking has a 1-year low of $34.81 and a 1-year high of $81.48. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. The company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.37 and a beta of 1.90. The business has a 50 day simple moving average of $73.89 and a two-hundred day simple moving average of $68.27.

Viking (NYSE:VIK) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.72 billion during the quarter. Research analysts anticipate that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Several large investors have recently modified their holdings of VIK. Newbridge Financial Services Group Inc. bought a new position in shares of Viking during the 3rd quarter valued at approximately $26,000. Activest Wealth Management increased its position in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Viking during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC increased its position in shares of Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 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.