Viking (NYSE:VIK) Price Target Raised to $51.00

Viking (NYSE:VIK) had its price objective raised by Bank of America from $40.00 to $51.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus boosted their price target on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. increased their target price on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Barclays lifted their price target on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $49.00 in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.58.

Viking Stock Performance

Shares of NYSE VIK opened at $45.34 on Wednesday. The company’s 50 day moving average price is $37.76 and its 200-day moving average price is $34.38. Viking has a 52-week low of $25.71 and a 52-week high of $46.25.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, analysts predict that Viking will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently bought and sold shares of VIK. Avior Wealth Management LLC bought a new position in shares of Viking during the third quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new position in shares of Viking during the 2nd quarter worth approximately $35,000. American National Bank purchased a new position in shares of Viking in the 2nd quarter worth approximately $68,000. Sunbelt Securities Inc. bought a new position in shares of Viking in the second quarter valued at approximately $68,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Viking during the third quarter valued at approximately $181,000.

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.