Viking (NYSE:VIK) Raised to "Strong-Buy" at Wall Street Zen

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

Several other analysts also recently issued reports on the company. Morgan Stanley reduced their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Barclays cut 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. BNP Paribas assumed coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 price objective on the stock. Finally, The Goldman Sachs Group lowered 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. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $47.53.

Viking Price Performance

Shares of NYSE VIK traded up $0.62 on Friday, hitting $43.79. The company's stock had a trading volume of 2,763,811 shares, compared to its average volume of 2,401,945. Viking has a 12-month low of $28.89 and a 12-month high of $53.14. The company has a market capitalization of $18.89 billion and a price-to-earnings ratio of 35.60. The stock has a 50 day moving average of $41.21 and a 200-day moving average of $44.57.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. During the same quarter in the prior year, the firm earned ($1.21) earnings per share. The company's revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts expect that Viking will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in Viking during the first quarter worth about $33,000. Avior Wealth Management LLC grew its holdings in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares during the period. Harbour Investments Inc. increased its position in Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares in the last quarter. NewEdge Advisors LLC raised its holdings in 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. Finally, Quarry LP purchased a new position in Viking in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 98.84% of the company's stock.

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.