Viking’s (VIK) Equal Weight Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of Viking (NYSE:VIK) in a research note released on Friday, MarketBeat Ratings reports. Barclays currently has a $49.00 price target on the stock.

Several other analysts have also commented on the company. Bank of America raised their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Truist Financial upped their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus upped their price target on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.92.

Viking Price Performance

VIK stock opened at $45.49 on Friday. Viking has a 52-week low of $25.71 and a 52-week high of $47.62. The company’s 50-day simple moving average is $42.51 and its 200-day simple moving average is $36.76.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VIK. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Viking in the second quarter valued at approximately $1,004,000. American National Bank purchased a new position in shares of Viking during the 2nd quarter worth $68,000. Bank of New York Mellon Corp purchased a new position in shares of Viking during the 2nd quarter worth $670,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Viking during the 2nd quarter valued at about $11,685,000. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of Viking in the second quarter valued at about $1,597,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.