UBS Group Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price objective raised by UBS Group from $54.00 to $55.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also commented on VIK. Loop Capital initiated 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. The Goldman Sachs Group assumed coverage on Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target on the stock. Stifel Nicolaus upped their price target on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their price objective on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Citigroup started coverage on Viking in a report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.33.

Viking Trading Down 7.4 %

Shares of Viking stock opened at $38.94 on Tuesday. The stock has a 50-day moving average price of $47.41 and a 200 day moving average price of $42.93. The company has a market cap of $16.80 billion and a P/E ratio of 149.75. Viking has a 1 year low of $25.71 and a 1 year high of $53.14.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Viking will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of hedge funds and other institutional investors have recently modified their holdings of VIK. Avior Wealth Management LLC purchased a new position in Viking in the third quarter valued at approximately $27,000. Quarry LP bought a new position in shares of Viking in the fourth quarter worth $66,000. Golden State Wealth Management LLC bought a new position in shares of Viking in the fourth quarter worth $73,000. Orion Capital Management LLC bought a new position in Viking in the fourth quarter valued at $110,000. Finally, New York State Common Retirement Fund bought a new position in Viking in the fourth quarter valued at $119,000. Hedge funds and other 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.