Viking (NYSE:VIK) Stock Gets Price Target Cut from Susquehanna

Viking (NYSE:VIK) had its price target decreased by Susquehanna from $105.00 to $100.00 in a report published on Tuesday, MarketBeat reports. Susquehanna currently has a positive rating on the stock.

Several other research analysts also recently weighed in on VIK. BNP Paribas Exane reiterated an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Barclays lowered their price objective on Viking from $93.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, August 31st. The Goldman Sachs Group upped their price objective on shares of Viking from $108.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 31st. Stifel Nicolaus cut their target price on shares of Viking from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Finally, Truist Financial reduced their target price on shares of Viking from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.61.

Viking Trading Down 2.0%

NYSE:VIK opened at $84.96 on Tuesday. Viking has a 12 month low of $56.37 and a 12 month high of $110.09. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The firm’s 50 day moving average is $85.41 and its 200 day moving average is $89.87. The stock has a market capitalization of $37.87 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.47.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. Viking’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 earnings per share. Sell-side analysts expect that Viking will post 3.14 earnings per share for the current year.

Insider Activity

In other news, EVP Milton Hugh sold 20,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the transaction, the executive vice president directly owned 585,571 shares of the company’s stock, valued at $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC purchased a new stake in Viking during the 1st quarter worth about $25,000. Ameritas Advisory Services LLC bought a new position in Viking in the 2nd quarter worth about $31,000. SJS Investment Consulting Inc. boosted its stake in Viking by 304.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock worth $34,000 after purchasing an additional 344 shares during the period. GAMMA Investing LLC grew its holdings in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock valued at $98,000 after buying an additional 145 shares in the last quarter. Finally, Ninety One SA Pty Ltd purchased a new position in Viking during the 3rd quarter valued at about $110,000. 98.84% of the stock is currently owned by institutional investors.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: No recent company-specific positive catalysts were identified in the supplied articles. Viking Holdings’ latest reported quarter nevertheless showed solid fundamentals, with revenue up 16.5% year over year and earnings exceeding analysts’ expectations.
• Neutral Sentiment: Articles about Viking FK’s Champions League match against Aston Villa, its players and predictions concern a separate soccer organization—not Viking Holdings Ltd.—and should not affect NYSE: VIK. Aston Villa sink Viking
• Neutral Sentiment: Stories about Viking settlements and archaeological discoveries likewise refer to Norse history and have no connection to Viking Holdings’ cruise business. Hidden Viking settlement
• Negative Sentiment: Susquehanna issued a pessimistic forecast for Viking Holdings’ stock, adding analyst-related pressure to the shares. The report does not indicate a change in the company’s operations, but a cautious price outlook can weigh on investor sentiment, particularly while the stock is trading below its longer-term moving average. Susquehanna pessimistic forecast for Viking

Viking Company Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.