Viking (NYSE:VIK) PT Raised to $43.00

Viking (NYSE:VIK) had its price target increased by equities researchers at Barclays from $39.00 to $43.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 11.63% from the company’s current price.

VIK has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Stifel Nicolaus boosted their price target on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. HSBC initiated coverage on Viking in a report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 price target for the company. Morgan Stanley lifted their target price on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company increased their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Down 2.7 %

Shares of NYSE:VIK opened at $38.52 on Tuesday. The firm’s 50 day simple moving average is $35.20. Viking has a twelve month low of $25.71 and a twelve month high of $39.70.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, equities research analysts forecast that Viking will post 1.13 earnings per share for the current fiscal year.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new stake in shares of Viking during the second quarter valued at approximately $2,063,879,000. Select Equity Group L.P. bought a new stake in Viking during the 2nd quarter worth about $145,989,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Viking during the second quarter worth approximately $73,247,000. Forest Avenue Capital Management LP bought a new position in Viking in the second quarter valued at approximately $58,008,000. Finally, Millennium Management LLC acquired a new stake in Viking during the 2nd quarter worth $42,008,000.

About Viking

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.