The Goldman Sachs Group Begins Coverage on Viking (NYSE:VIK)

Equities researchers at The Goldman Sachs Group assumed coverage on shares of Viking (NYSE:VIK) in a report released on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $49.00 price target on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 0.96% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Bank of America raised their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays restated an “equal weight” rating and issued a $49.00 price target on shares of Viking in a report on Friday, December 13th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Truist Financial lifted their price objective on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Four 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.43.

Viking Stock Performance

NYSE:VIK opened at $48.54 on Wednesday. The firm has a fifty day simple moving average of $45.26 and a two-hundred day simple moving average of $39.29. Viking has a 12 month low of $25.71 and a 12 month high of $49.91.

Institutional Trading of Viking

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. bought a new stake in Viking in the third quarter worth about $1,269,000. U S Global Investors Inc. bought a new stake in shares of Viking in the third quarter valued at approximately $1,169,000. International Assets Investment Management LLC bought a new stake in shares of Viking in the third quarter valued at approximately $2,222,000. Franklin Resources Inc. raised its position in shares of Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after purchasing an additional 836,353 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Viking in the third quarter valued at approximately $609,000. Institutional investors 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.