Loop Capital Begins Coverage on Viking (NYSE:VIK)

Investment analysts at Loop Capital began coverage on shares of Viking (NYSE:VIK) in a research note issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $55.00 price target on the stock. Loop Capital’s price target would indicate a potential upside of 5.90% from the company’s previous close.

Several other brokerages have also issued reports on VIK. Morgan Stanley upgraded 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 research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Bank of America upped 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. Truist Financial upped their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus upped their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Viking Stock Performance

Shares of VIK opened at $51.93 on Tuesday. Viking has a 12-month low of $25.71 and a 12-month high of $52.11. The stock’s 50-day moving average price is $46.11 and its 200 day moving average price is $40.27.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Levin Capital Strategies L.P. bought a new position in Viking during the 4th quarter worth about $1,013,000. US Bancorp DE bought a new position in Viking during the 4th quarter worth about $453,000. Oppenheimer & Co. Inc. bought a new position in Viking during the 4th quarter worth about $339,000. Bank of New York Mellon Corp increased its holdings in Viking by 544.0% during the 4th quarter. Bank of New York Mellon Corp now owns 188,530 shares of the company’s stock worth $8,307,000 after purchasing an additional 159,255 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Viking by 19.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 27,951 shares of the company’s stock worth $1,232,000 after purchasing an additional 4,595 shares in the last quarter. 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.