Jefferies Financial Group Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK - Get Free Report) had its target price hoisted by investment analysts at Jefferies Financial Group from $45.00 to $52.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price would suggest a potential downside of 6.56% from the stock's previous close.

A number of other research firms have also recently commented on VIK. Stifel Nicolaus set a $50.00 price objective on Viking and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Melius Research set a $51.00 price objective on Viking in a research report on Monday, April 21st. The Goldman Sachs Group dropped their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Northcoast Research began coverage on Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 price objective for the company. Finally, Loop Capital reiterated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $50.33.

Viking Stock Up 1.0%

VIK traded up $0.54 on Monday, reaching $55.65. The company's stock had a trading volume of 1,340,783 shares, compared to its average volume of 2,623,949. The stock has a 50 day moving average of $47.21 and a two-hundred day moving average of $45.37. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 0.68 and a beta of 2.38. Viking has a fifty-two week low of $30.56 and a fifty-two week high of $56.17.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The firm 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 company's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the company earned ($1.21) earnings per share. As a group, analysts anticipate that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Hedge funds and other institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division increased its holdings in shares of Viking by 2.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock valued at $633,000 after acquiring an additional 274 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Viking by 1.7% in the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock valued at $759,000 after buying an additional 324 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after buying an additional 346 shares during the period. Commerce Bank lifted its holdings in shares of Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after buying an additional 399 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after buying an additional 690 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.