Viking (NYSE:VIK) Upgraded by Wells Fargo & Company to Hold Rating

Wells Fargo & Company upgraded shares of Viking (NYSE:VIK) to a hold rating in a report published on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Barclays boosted their target price on Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, October 3rd. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Bank of America upped their target price on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley increased their target price on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Truist Financial boosted their price target on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.88.

Viking Trading Up 3.2%

VIK stock traded up $1.96 during midday trading on Monday, reaching $63.17. The company’s stock had a trading volume of 1,035,757 shares, compared to its average volume of 2,899,393. The business’s 50-day simple moving average is $60.39 and its 200-day simple moving average is $56.00. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. Viking has a 52 week low of $31.79 and a 52 week high of $65.37. The stock has a market cap of $27.99 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 0.68 and a beta of 2.20.

Viking (NYSE:VIK) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts expect that Viking will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VIK. CI Investments Inc. boosted its holdings in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Simon Quick Advisors LLC lifted its position in Viking by 1.5% in the 3rd quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company’s stock valued at $1,065,000 after acquiring an additional 249 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Viking by 2.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company’s stock worth $633,000 after purchasing an additional 274 shares during the period. Cerity Partners LLC increased its holdings in Viking by 1.7% during the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company’s stock worth $759,000 after purchasing an additional 324 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in Viking by 20.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after purchasing an additional 332 shares in the last quarter. Institutional investors 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.