Viking (NYSE:VIK - Free Report) had its target price increased by Truist Financial from $50.00 to $55.00 in a research note published on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.
VIK has been the topic of several other reports. Northcoast Research assumed coverage on shares of Viking in a report on Friday, April 25th. They set a "buy" rating and a $51.00 price target on the stock. Stifel Nicolaus set a $50.00 price objective on shares of Viking and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup lifted their price objective on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. The Goldman Sachs Group cut their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Viking from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Viking currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.07.
View Our Latest Analysis on VIK
Viking Price Performance
VIK traded down $0.39 on Monday, hitting $57.94. The company had a trading volume of 2,130,002 shares, compared to its average volume of 2,683,853. Viking has a 52-week low of $30.56 and a 52-week high of $58.70. The stock has a fifty day simple moving average of $49.83 and a 200-day simple moving average of $46.13. The firm has a market capitalization of $25.68 billion, a P/E ratio of 47.11, a P/E/G ratio of 0.71 and a beta of 2.38.
Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.02. The firm had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business's revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned ($1.21) earnings per share. Equities research analysts expect that Viking will post 1.49 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Viking
Large investors have recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in shares of Viking during the 1st quarter valued at about $33,000. Harbour Investments Inc. raised its holdings in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after buying an additional 346 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after buying an additional 690 shares in the last quarter. Quarry LP purchased a new position in shares of Viking during the 4th quarter valued at about $66,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Viking by 4,400.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,250 shares of the company's stock valued at $120,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
About Viking
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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.
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