Viking (NYSE:VIK) Price Target Raised to $66.00

Viking (NYSE:VIK) had its price target boosted by Morgan Stanley from $62.00 to $66.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Citigroup lifted their price target on shares of Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Northcoast Research assumed coverage on shares of Viking in a research note on Friday, April 25th. They issued a “buy” rating and a $51.00 price target on the stock. Truist Financial increased their price objective on Viking from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, July 21st. Stifel Nicolaus boosted their price target on Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Viking from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 6th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Viking has an average rating of “Moderate Buy” and a consensus target price of $57.20.

Viking Stock Performance

Shares of NYSE:VIK opened at $60.3850 on Wednesday. The business’s fifty day moving average price is $56.10 and its two-hundred day moving average price is $48.18. Viking has a fifty-two week low of $30.75 and a fifty-two week high of $60.97. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 0.68 and a beta of 2.40. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.61.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. As a group, analysts predict that Viking will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in VIK. Geode Capital Management LLC bought a new stake in Viking during the 4th quarter valued at $3,206,000. Wells Fargo & Company MN raised its stake in shares of Viking by 16.8% during the 4th quarter. Wells Fargo & Company MN now owns 82,602 shares of the company’s stock worth $3,639,000 after purchasing an additional 11,891 shares during the period. Barclays PLC grew its holdings in Viking by 134,156.0% during the fourth quarter. Barclays PLC now owns 67,128 shares of the company’s stock valued at $2,958,000 after purchasing an additional 67,078 shares during the period. Commerce Bank grew its holdings in Viking by 7.9% during the fourth quarter. Commerce Bank now owns 8,537 shares of the company’s stock valued at $376,000 after purchasing an additional 625 shares during the period. Finally, Natixis bought a new stake in shares of Viking in the fourth quarter valued at approximately $687,000. 98.84% of the stock is currently owned by institutional investors.

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.