Viking (NYSE:VIK) Price Target Raised to $55.00

Viking (NYSE:VIK - Get Free Report) had its price objective hoisted by Barclays from $45.00 to $55.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential downside of 2.44% from the company's previous close.

Several other equities research analysts also recently issued reports on VIK. Loop Capital restated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Jefferies Financial Group increased their price target on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday. UBS Group increased their price target on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Redburn Atlantic upgraded Viking to a "hold" rating in a report on Tuesday, April 1st. Finally, Stifel Nicolaus set a $50.00 price target on Viking and gave the stock a "buy" rating in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Viking currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

Viking Stock Down 0.4%

NYSE VIK traded down $0.24 on Wednesday, reaching $56.38. The company had a trading volume of 694,179 shares, compared to its average volume of 2,634,088. The stock's 50 day moving average is $48.11 and its 200-day moving average is $45.59. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 0.69 and a beta of 2.38. Viking has a 52 week low of $30.56 and a 52 week high of $57.54.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Viking during the fourth quarter valued at approximately $245,038,000. Select Equity Group L.P. boosted its position in Viking by 26.9% during the fourth 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 during the last quarter. Capital Research Global Investors boosted its position in Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the last quarter. Two Sigma Advisers LP boosted its position in Viking by 4,840.2% during the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Viking by 1,972.0% during the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after purchasing an additional 2,270,075 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

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.