Viking (NYSE:VIK) Price Target Raised to $58.00

Viking (NYSE:VIK) had its target price boosted by JPMorgan Chase & Co. from $50.00 to $58.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Citigroup started coverage on shares of Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial boosted their price objective on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus boosted 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.08.

Viking Stock Up 5.5 %

Shares of NYSE:VIK opened at $47.63 on Friday. The stock’s 50-day moving average is $45.04 and its 200-day moving average is $38.97. Viking has a 52-week low of $25.71 and a 52-week high of $48.39.

Institutional Trading of Viking

Several large investors have recently made changes to their positions in VIK. Bank of New York Mellon Corp acquired a new stake in shares of Viking during the 2nd quarter worth approximately $670,000. Renaissance Technologies LLC bought a new stake in shares of Viking during the second quarter worth about $4,752,000. Canada Pension Plan Investment Board bought a new stake in shares of Viking during the second quarter worth about $2,063,879,000. Forest Avenue Capital Management LP purchased a new position in Viking during the second quarter worth about $58,008,000. Finally, D1 Capital Partners L.P. purchased a new position in Viking in the second quarter valued at about $29,964,000. 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.