Viking (NYSE:VIK) Price Target Raised to $77.00

Viking (NYSE:VIKFree Report) had its target price hoisted by Barclays from $63.00 to $77.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages also recently issued reports on VIK. Bank of America increased their price target on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wells Fargo & Company upped their target price on Viking from $77.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Truist Financial raised their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Finally, UBS Group boosted their price target on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.40.

View Our Latest Research Report on Viking

Viking Price Performance

VIK opened at $68.89 on Wednesday. Viking has a 52-week low of $31.79 and a 52-week high of $81.48. The company has a 50 day moving average of $73.59 and a two-hundred day moving average of $66.71. The company has a market cap of $30.53 billion, a P/E ratio of 26.81, a P/E/G ratio of 1.33 and a beta of 1.96. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 4.76.

Viking (NYSE:VIKGet Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.63 billion. Viking had a net margin of 17.65% and a return on equity of 240.75%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts expect that Viking will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VIK. NewEdge Advisors LLC grew its stake in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Viking by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,766 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Viking in the 2nd quarter valued at approximately $815,000. Bank of New York Mellon Corp grew its stake in Viking by 1,063.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock worth $15,597,000 after buying an additional 267,521 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in Viking by 20.1% in the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after buying an additional 332 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking News Summary

Here are the key news stories impacting Viking this week:

Viking Company Profile

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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.

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