Viking (NYSE:VIK) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Viking (NYSE:VIK) in a report issued on Wednesday, Marketbeat reports. The firm issued a neutral rating and a $49.00 target price on the stock.

A number of other equities analysts have also weighed in on VIK. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Stifel Nicolaus boosted their price target on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Truist Financial raised their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. boosted their target price on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.43.

Viking Trading Up 0.7 %

Shares of NYSE:VIK opened at $49.02 on Wednesday. The stock has a fifty day moving average of $45.33 and a 200-day moving average of $39.40. Viking has a one year low of $25.71 and a one year high of $49.91.

Institutional Investors Weigh In On Viking

Large investors have recently made changes to their positions in the company. Renaissance Capital LLC lifted its stake in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after acquiring an additional 9,527 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Viking in the 4th quarter valued at $321,000. Avior Wealth Management LLC boosted its holdings in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares in the last quarter. SG Americas Securities LLC increased its position in Viking by 6,693.7% during the fourth quarter. SG Americas Securities LLC now owns 352,659 shares of the company’s stock worth $15,538,000 after buying an additional 347,468 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in Viking by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock worth $767,000 after buying an additional 1,165 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

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.