Viking (NYSE:VIK) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Viking (NYSE:VIK) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $45.00 target price on the stock.

VIK has been the subject of several other research reports. Truist Financial increased their price target on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 target price on the stock. Loop Capital began coverage on Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Citigroup initiated coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.29.

Viking Stock Performance

NYSE VIK opened at $39.78 on Monday. The stock’s fifty day moving average is $46.69 and its two-hundred day moving average is $43.43. The firm has a market capitalization of $17.16 billion and a P/E ratio of 153.00. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, sell-side analysts forecast that Viking will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in shares of Viking during the fourth quarter worth $110,000. PharVision Advisers LLC acquired a new position in Viking during the 4th quarter worth $281,000. Voloridge Investment Management LLC purchased a new stake in Viking during the 4th quarter worth about $59,226,000. Squarepoint Ops LLC raised its position in Viking by 8.5% in the 4th quarter. Squarepoint Ops LLC now owns 163,856 shares of the company’s stock valued at $7,219,000 after purchasing an additional 12,856 shares in the last quarter. Finally, Twinbeech Capital LP purchased a new position in shares of Viking in the 4th quarter valued at about $363,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.