Viking (NYSE:VIK) Coverage Initiated by Analysts at Northcoast Research

Northcoast Research began coverage on shares of Viking (NYSE:VIK - Free Report) in a research report sent to investors on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $51.00 price target on the stock.

VIK has been the subject of a number of other reports. BNP Paribas initiated coverage on Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Truist Financial lifted their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. Barclays decreased their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group began coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price objective for the company. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.89.

Viking Trading Down 1.5 %

Viking stock traded down $0.61 during midday trading on Friday, reaching $40.51. 946,289 shares of the stock traded hands, compared to its average volume of 2,513,242. The company has a 50-day simple moving average of $41.41 and a two-hundred day simple moving average of $43.97. Viking has a 12-month low of $25.71 and a 12-month high of $53.14. The firm has a market cap of $17.48 billion and a PE ratio of 155.81.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The business's revenue for the quarter was up 20.5% on a year-over-year basis. Equities research analysts anticipate that Viking will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new position in shares of Viking in the first quarter valued at approximately $1,090,000. Teacher Retirement System of Texas acquired a new position in shares of Viking in the first quarter valued at approximately $31,585,000. Acuitas Investments LLC acquired a new position in shares of Viking in the first quarter valued at approximately $731,000. Lisanti Capital Growth LLC increased its holdings in shares of Viking by 40.8% in the first quarter. Lisanti Capital Growth LLC now owns 33,320 shares of the company's stock valued at $1,324,000 after purchasing an additional 9,650 shares during the period. Finally, Westend Capital Management LLC increased its holdings in shares of Viking by 1.9% in the first quarter. Westend Capital Management LLC now owns 270,964 shares of the company's stock valued at $10,771,000 after purchasing an additional 5,115 shares during the period. Institutional investors and hedge funds 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.