Viking (NYSE:VIK) Price Target Raised to $57.00

Viking (NYSE:VIK) had its price objective raised by Citigroup from $52.00 to $57.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

VIK has been the topic of a number of other research reports. Northcoast Research assumed coverage on Viking in a report on Friday, April 25th. They set a “buy” rating and a $51.00 price target on the stock. Stifel Nicolaus set a $50.00 price target on Viking and gave the company a “buy” rating in a report on Wednesday, May 21st. Melius Research set a $51.00 price target on Viking in a report on Monday, April 21st. Jefferies Financial Group assumed coverage on Viking in a report on Monday, March 31st. They set a “hold” rating and a $45.00 price target on the stock. Finally, Barclays lowered their price target on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Viking has an average rating of “Moderate Buy” and an average target price of $49.00.

Viking Stock Up 1.9%

Shares of NYSE VIK opened at $48.82 on Thursday. The stock has a market capitalization of $21.06 billion and a price-to-earnings ratio of 39.69. The stock’s fifty day simple moving average is $42.26 and its 200 day simple moving average is $44.62. Viking has a 52-week low of $30.42 and a 52-week high of $53.14.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. During the same quarter in the previous year, the firm earned ($1.21) earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year. As a group, analysts anticipate that Viking will post 1.49 earnings per share for the current year.

Institutional Trading of Viking

Institutional investors have recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in shares of Viking in the first quarter worth about $33,000. Harbour Investments Inc. lifted its position in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after buying an additional 346 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares during the last quarter. Quarry LP acquired a new stake in shares of Viking in the fourth quarter worth about $66,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Viking in the fourth quarter worth about $73,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.