Viking (NYSE:VIK) Stock Price Expected to Rise, Citigroup Analyst Says

Viking (NYSE:VIK - Free Report) had its price objective lifted by Citigroup from $52.00 to $57.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their target price on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 target price for the company. Northcoast Research initiated coverage on Viking in a research note on Friday, April 25th. They issued a "buy" rating and a $51.00 target price for the company. Morgan Stanley decreased their price target on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Wall Street Zen upgraded Viking from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Viking has an average rating of "Moderate Buy" and an average target price of $49.00.

Viking Trading Up 1.7%

Shares of VIK traded up $0.80 during trading hours on Thursday, reaching $47.94. The company had a trading volume of 3,316,111 shares, compared to its average volume of 2,487,301. The firm has a 50 day simple moving average of $42.10 and a 200-day simple moving average of $44.60. Viking has a 12-month low of $29.83 and a 12-month high of $53.14. The company has a market capitalization of $20.68 billion and a price-to-earnings ratio of 38.98.

Viking (NYSE:VIK - Get Free Report) last posted 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. During the same quarter in the prior year, the business earned ($1.21) EPS. The company's revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts forecast that Viking will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Several large investors have recently made changes to their positions in the stock. Select Equity Group L.P. lifted its holdings in Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock worth $741,608,000 after buying an additional 1,376,899 shares in the last quarter. Capital Research Global Investors lifted its holdings 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. T. Rowe Price Investment Management Inc. raised its holdings in shares of Viking by 6.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company's stock valued at $350,922,000 after purchasing an additional 528,843 shares in the last quarter. Norges Bank acquired a new stake in shares of Viking in the 4th quarter valued at $245,038,000. Finally, Two Sigma Investments LP raised its holdings in shares of Viking by 1,972.0% in the 4th 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 in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Viking

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.