Stifel Nicolaus Cuts Viking (NYSE:VIK) Price Target to $115.00

Key Points

• Stifel Nicolaus lowered Viking’s price target to $115 from $120 while maintaining a “buy” rating, implying 43.14% upside from the stock’s $80.34 opening price.
• Analyst sentiment remains favorable: 16 analysts rate Viking a Buy, two rate it a Hold and one rates it a Sell, producing a consensus “Moderate Buy” rating and an average target of $106.83.
• Viking exceeded quarterly expectations, reporting $1.31 in EPS versus $1.26 expected and $2.19 billion in revenue, up 16.5% year over year; institutional investors own 98.84% of the company.

Viking (NYSE:VIK - Get Free Report) had its target price reduced by Stifel Nicolaus from $120.00 to $115.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 43.14% from the stock's current price.

Several other equities analysts also recently issued reports on VIK. Jefferies Financial Group boosted their price target on shares of Viking from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 17th. Loop Capital initiated coverage on shares of Viking in a research note on Monday, June 1st. They set a "buy" rating and a $108.00 target price for the company. Citigroup restated a "buy" rating on shares of Viking in a research report on Wednesday, September 2nd. BMO Capital Markets reiterated an "outperform" rating on shares of Viking in a research report on Wednesday, August 26th. Finally, Truist Financial lowered their price target on Viking from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.83.

Viking Stock Performance

Shares of VIK stock opened at $80.34 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The business has a 50 day moving average of $93.56 and a two-hundred day moving average of $88.50. Viking has a 52 week low of $56.37 and a 52 week high of $110.09. The company has a market cap of $35.81 billion, a P/E ratio of 26.69, a PEG ratio of 0.94 and a beta of 1.41.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the prior year, the firm earned $0.99 EPS. The business's quarterly revenue was up 16.5% on a year-over-year basis. As a group, analysts anticipate that Viking will post 3.2 EPS for the current year.

Insider Buying and Selling at Viking

In other news, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the transaction, the executive vice president owned 585,571 shares of the company's stock, valued at $50,107,310.47. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Viking

Several large investors have recently modified their holdings of VIK. The Manufacturers Life Insurance Company increased its stake in Viking by 19.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company's stock worth $42,762,000 after purchasing an additional 96,166 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of Viking during the first quarter valued at $1,008,000. Junto Capital Management LP purchased a new stake in Viking in the 2nd quarter worth about $53,317,000. Kestra Private Wealth Services LLC purchased a new position in Viking during the 1st quarter valued at about $1,045,000. Finally, Orser Capital Management LLC acquired a new stake in shares of Viking during the second quarter worth approximately $3,061,000. 98.84% of the stock is owned by institutional investors.

Viking Company Profile

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking's river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.

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