Viking (NYSE:VIK) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Viking (NYSE:VIK) from an equal weight rating to an overweight rating in a research report report published on Tuesday morning, Marketbeat.com reports. Morgan Stanley currently has $49.00 price objective on the stock, up from their prior price objective of $37.00.

VIK has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Barclays increased their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Bank of America increased their price target on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Two investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.58.

Viking Stock Down 1.0 %

Shares of NYSE:VIK opened at $45.34 on Tuesday. Viking has a one year low of $25.71 and a one year high of $46.25. The company has a 50-day simple moving average of $37.76 and a 200-day simple moving average of $34.38.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Sell-side analysts predict that Viking will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Several hedge funds have recently modified their holdings of the company. Renaissance Capital LLC purchased a new position in shares of Viking during the 2nd quarter worth about $2,250,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Viking during the 2nd quarter worth $2,226,000. Cascade Investment Group Inc. purchased a new position in shares of Viking in the 2nd quarter worth $289,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Viking in the second quarter valued at $1,004,000. Finally, American National Bank purchased a new stake in Viking during the second quarter valued at about $68,000.

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.