Barclays Raises Viking (NYSE:VIK) Price Target to $55.00

Viking (NYSE:VIK - Get Free Report) had its price target upped by analysts at Barclays from $45.00 to $55.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential downside of 2.10% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus set a $50.00 price objective on shares of Viking and gave the stock a "buy" rating in a report on Wednesday, May 21st. Truist Financial upped their price objective on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th. Wall Street Zen downgraded shares of Viking from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Loop Capital reissued a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Finally, UBS Group upped their target price on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Viking currently has an average rating of "Moderate Buy" and an average target price of $51.00.

Viking Stock Performance

VIK traded up $1.05 during trading on Wednesday, reaching $56.18. The stock had a trading volume of 2,862,364 shares, compared to its average volume of 2,637,264. The stock has a market cap of $24.90 billion, a PE ratio of 45.67, a PEG ratio of 0.67 and a beta of 2.38. Viking has a one year low of $30.56 and a one year high of $56.52. The business has a 50-day moving average of $47.79 and a 200-day moving average of $45.51.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The firm had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the firm earned ($1.21) earnings per share. Equities research analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Viking in the 4th quarter valued at $245,038,000. Select Equity Group L.P. boosted its stake in shares of Viking by 26.9% in the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after purchasing an additional 3,658,225 shares in the last quarter. Capital Research Global Investors lifted its position in Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after buying an additional 2,492,724 shares in the last quarter. Two Sigma Advisers LP lifted its position in Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock worth $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after buying an additional 2,270,075 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

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.