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

Viking (NYSE:VIK) had its price target upped by analysts at Barclays from $43.00 to $49.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 9.08% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Stifel Nicolaus lifted their price objective on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America upped their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Viking Trading Up 1.2 %

Shares of NYSE VIK opened at $44.92 on Wednesday. Viking has a 52-week low of $25.71 and a 52-week high of $46.25. The firm’s fifty day moving average is $38.55 and its two-hundred day moving average is $34.69.

Viking (NYSE:VIK) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, research analysts forecast that Viking will post 1.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VIK. Y Intercept Hong Kong Ltd lifted its stake in shares of Viking by 120.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 23,356 shares of the company’s stock worth $815,000 after acquiring an additional 12,771 shares during the last quarter. XTX Topco Ltd purchased a new stake in Viking in the third quarter worth $1,344,000. Zimmer Partners LP lifted its position in shares of Viking by 70.0% during the third quarter. Zimmer Partners LP now owns 1,062,500 shares of the company’s stock worth $37,071,000 after purchasing an additional 437,500 shares during the last quarter. Soros Fund Management LLC boosted its stake in shares of Viking by 15.4% during the third quarter. Soros Fund Management LLC now owns 750,000 shares of the company’s stock valued at $26,168,000 after purchasing an additional 100,000 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Viking by 64.5% in the third quarter. Stifel Financial Corp now owns 12,428 shares of the company’s stock worth $434,000 after purchasing an additional 4,875 shares during the last quarter.

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.