Truist Financial Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price target upped by Truist Financial from $38.00 to $49.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Barclays increased their price objective on shares of Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Stifel Nicolaus raised their price target 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. Wells Fargo & Company raised their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Finally, Bank of America lifted 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $41.92.

Viking Stock Down 0.5 %

Viking stock opened at $46.23 on Monday. Viking has a 12-month low of $25.71 and a 12-month high of $47.62. The firm’s 50-day moving average is $40.35 and its two-hundred day moving average is $35.60.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new stake in Viking in the second quarter worth about $2,063,879,000. FMR LLC grew its stake in Viking by 27.8% during the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after acquiring an additional 1,518,773 shares in the last quarter. Select Equity Group L.P. purchased a new position in Viking during the 2nd quarter valued at about $145,989,000. Franklin Resources Inc. grew its stake in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Viking by 36.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after acquiring an additional 793,795 shares in the last quarter.

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.