Viking (NYSE:VIK) Stock Price Target Lowered at Susquehanna

Key Points

• Susquehanna lowered Viking’s price target from $105 to $100 while maintaining a positive rating, implying 18.95% upside from the previous close.
• Analyst sentiment remains favorable: Viking has an overall “Moderate Buy” rating and an average price target of $106.56, supported by 16 Buy or Strong Buy ratings.
• Viking’s latest quarter exceeded expectations, with earnings of $1.31 per share versus $1.26 expected and revenue of $2.19 billion, up 16.5% year over year.

Viking (NYSE:VIK - Get Free Report) had its price objective cut by equities research analysts at Susquehanna from $105.00 to $100.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's price target would suggest a potential upside of 18.95% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Truist Financial lowered their price objective on shares of Viking from $102.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, September 24th. Citigroup reissued a "buy" rating on shares of Viking in a research report on Friday, October 2nd. UBS Group restated a "buy" rating on shares of Viking in a research report on Wednesday, September 30th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $121.00 target price (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group increased their price target on Viking from $108.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.56.

Viking Stock Performance

Shares of VIK opened at $84.07 on Tuesday. The business has a fifty day moving average of $86.46 and a 200 day moving average of $89.64. The firm has a market capitalization of $37.47 billion, a P/E ratio of 27.93, a PEG ratio of 1.01 and a beta of 1.47. Viking has a one year low of $56.37 and a one year high of $110.09. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $0.99 earnings per share. The company's quarterly revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Viking will post 3.14 EPS for the current year.

Insiders Place Their Bets

In other Viking news, EVP Milton Hugh sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in Viking during the 2nd quarter valued at $31,000. Basecamp Wealth Advisors LLC purchased a new stake in shares of Viking in the 1st quarter worth $25,000. SJS Investment Consulting Inc. grew its position in shares of Viking by 304.4% during the 1st quarter. SJS Investment Consulting Inc. now owns 457 shares of the company's stock worth $34,000 after buying an additional 344 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company's stock worth $98,000 after buying an additional 145 shares in the last quarter. Finally, Ninety One SA Pty Ltd purchased a new position in shares of Viking during the third quarter valued at $110,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Company Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking's river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.

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