Stifel Nicolaus Increases Viking (NYSE:VIK) Price Target to $75.00

Key Points

• Stifel Nicolaus raised the price target for Viking (NYSE:VIK) from $50.00 to $75.00, suggesting a potential upside of 24.88% from the current price.
• Viking reported a quarterly earnings per share (EPS) of ($0.24), surpassing the consensus estimate, with revenue of $897.06 million, up 24.9% year-over-year.
• Institutional investors hold 98.84% of Viking's stock, indicating strong institutional confidence in the company.

Viking (NYSE:VIK - Get Free Report) had its price target upped by equities research analysts at Stifel Nicolaus from $50.00 to $75.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 23.86% from the company's current price.

Several other equities analysts have also weighed in on the company. Wall Street Zen lowered Viking from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Jefferies Financial Group boosted their price target on Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research note on Monday, July 7th. The Goldman Sachs Group decreased their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Bank of America lifted 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. Finally, Truist Financial boosted their target price on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Viking currently has an average rating of "Moderate Buy" and an average target price of $55.00.

Viking Stock Up 0.9%

Shares of Viking stock traded up $0.53 during midday trading on Thursday, hitting $60.55. The company's stock had a trading volume of 2,650,796 shares, compared to its average volume of 2,415,087. The firm has a market capitalization of $26.83 billion, a P/E ratio of 49.23, a PEG ratio of 0.70 and a beta of 2.40. The stock has a 50-day simple moving average of $54.95 and a 200-day simple moving average of $47.87. Viking has a 1-year low of $30.75 and a 1-year high of $60.87.

Viking (NYSE:VIK - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $841.18 million. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned ($1.21) earnings per share. As a group, sell-side analysts predict that Viking will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in Viking by 400.3% during the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company's stock worth $563,654,000 after purchasing an additional 8,462,947 shares in the last quarter. Norges Bank acquired a new position in shares of Viking during the 2nd quarter worth about $236,911,000. Select Equity Group L.P. boosted its stake in shares of Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after buying an additional 3,658,225 shares during the last quarter. Capital Research Global Investors lifted its stake in Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.