Viking (NYSE:VIK) Price Target Raised to $61.00

Key Points

• Viking's target price has been increased by Barclays from $55.00 to $61.00, indicating a potential downside of 3.71% from its current price.
• The company reported earnings of $0.99 per share for its last quarter, slightly missing analysts' estimates, but showed an 18.5% increase in revenue year-over-year.
• Despite the price target upgrades from various analysts, there is a mixed rating with ten analysts rating the stock as a Buy and five as a Hold, leading to an average rating of Moderate Buy.

Viking (NYSE:VIK - Get Free Report) had its target price boosted by investment analysts at Barclays from $55.00 to $61.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential downside of 3.71% from the company's current price.

VIK has been the subject of a number of other research reports. Loop Capital restated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Bank of America boosted their price objective on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley boosted their price objective on Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus upped their target price on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded Viking from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $57.60.

Viking Trading Up 0.6%

Shares of Viking stock traded up $0.41 on Thursday, reaching $63.35. The company had a trading volume of 210,934 shares, compared to its average volume of 3,169,927. The firm's 50-day moving average price is $56.90 and its two-hundred day moving average price is $48.37. Viking has a 1 year low of $30.75 and a 1 year high of $63.82. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The firm has a market cap of $28.07 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 0.73 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. Viking's revenue was up 18.5% compared to the same quarter last year. As a group, research analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIK. Select Equity Group L.P. increased its position 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 valued at $741,608,000 after buying an additional 1,376,899 shares in the last quarter. Invesco Ltd. increased its position in Viking by 400.3% during the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company's stock valued at $563,654,000 after buying an additional 8,462,947 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Viking by 6.4% during 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 buying an additional 528,843 shares in the last quarter. Holocene Advisors LP increased its position in Viking by 57.9% during the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company's stock valued at $304,095,000 after buying an additional 2,092,729 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Viking by 69.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company's stock valued at $239,902,000 after buying an additional 1,843,533 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

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.

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