Viking (NYSE:VIK) Reaches New 12-Month High Following Analyst Upgrade

Viking Holdings Ltd (NYSE:VIK) shares reached a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $50.00 to $58.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Viking traded as high as $47.84 and last traded at $47.53, with a volume of 1067114 shares traded. The stock had previously closed at $45.14.

A number of other brokerages have also recently weighed in on VIK. Truist Financial upped their price target on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Barclays reaffirmed an “equal weight” rating and issued a $49.00 price objective on shares of Viking in a research report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Citigroup assumed coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Viking has a consensus rating of “Moderate Buy” and a consensus target price of $44.08.

Hedge Funds Weigh In On Viking

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. bought a new position in shares of Viking during the third quarter worth about $1,269,000. U S Global Investors Inc. acquired a new stake in Viking in the third quarter worth about $1,169,000. International Assets Investment Management LLC acquired a new position in Viking during the 3rd quarter valued at about $2,222,000. Franklin Resources Inc. grew its stake in shares of Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after purchasing an additional 836,353 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Viking during the third quarter valued at approximately $609,000. Institutional investors own 98.84% of the company’s stock.

Viking Trading Up 5.3 %

The stock’s fifty day moving average is $44.96 and its two-hundred day moving average is $38.80.

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.