Barclays Reaffirms Equal Weight Rating for Viking (NYSE:VIK)

Viking (NYSE:VIK)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $49.00 price target on the stock. Barclays‘s price objective suggests a potential upside of 7.72% from the company’s previous close.

Other analysts also recently issued research reports about the company. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. increased their target price on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Finally, Bank of America upped their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.92.

Viking Stock Down 1.5 %

VIK opened at $45.49 on Friday. The business’s 50 day moving average is $42.51 and its 200-day moving average is $36.71. Viking has a twelve month low of $25.71 and a twelve month high of $47.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new stake in shares of Viking during the 2nd quarter worth $2,063,879,000. FMR LLC boosted its position in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during the period. Select Equity Group L.P. purchased a new position in Viking in the 2nd quarter worth about $145,989,000. Franklin Resources Inc. raised its holdings in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after buying an additional 836,353 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Viking by 36.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.