Viking (NYSE:VIK) Earns Buy Rating from Analysts at Citigroup

Citigroup began coverage on shares of Viking (NYSE:VIK) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $54.00 price target on the stock.

VIK has been the subject of a number of other reports. Wells Fargo & Company raised their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Truist Financial lifted their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Stifel Nicolaus increased their target price on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Bank of America boosted their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.85.

Viking Stock Up 5.8 %

Shares of VIK stock opened at $46.23 on Thursday. Viking has a 52-week low of $25.71 and a 52-week high of $47.62. The company has a 50-day simple moving average of $43.27 and a two-hundred day simple moving average of $37.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. purchased a new stake in Viking in the third quarter worth approximately $1,269,000. U S Global Investors Inc. purchased a new stake in shares of Viking during the 3rd quarter valued at about $1,169,000. International Assets Investment Management LLC bought a new position in shares of Viking in the 3rd quarter worth approximately $2,222,000. Quadrature Capital Ltd bought a new stake in Viking during the third quarter valued at approximately $609,000. Finally, Forest Avenue Capital Management LP purchased a new stake in Viking during the second quarter valued at approximately $58,008,000. 98.84% of the stock is currently owned by institutional investors.

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.