Viking (NYSE:VIK) Rating Lowered to Buy at Wall Street Zen

Viking (NYSE:VIK - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Friday.

Several other research firms have also weighed in on VIK. UBS Group lifted their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Barclays lowered their price objective on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Loop Capital restated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. The Goldman Sachs Group reduced 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, Redburn Atlantic upgraded Viking to a "hold" rating in a report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Viking presently has a consensus rating of "Moderate Buy" and an average price target of $49.00.

Viking Stock Performance

VIK traded up $0.90 during midday trading on Friday, hitting $48.82. The company had a trading volume of 2,820,130 shares, compared to its average volume of 2,492,957. The company has a market capitalization of $21.06 billion and a PE ratio of 39.69. Viking has a twelve month low of $29.83 and a twelve month high of $53.14. The firm's 50-day simple moving average is $42.26 and its 200-day simple moving average is $44.62.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. The company had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. During the same quarter in the previous year, the business posted ($1.21) EPS. The company's revenue was up 24.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Viking will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC bought a new position in Viking during the fourth quarter valued at approximately $567,000. Blue Chip Partners LLC bought a new position in Viking during the fourth quarter valued at approximately $279,000. JPMorgan Chase & Co. grew its position in Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after acquiring an additional 1,070,589 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Viking during the fourth quarter valued at approximately $339,000. Finally, Vontobel Holding Ltd. bought a new position in Viking during the fourth quarter valued at approximately $416,000. 98.84% of the stock is currently owned by institutional investors.

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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