Viking (NYSE:VIK) Coverage Initiated at Citigroup

Citigroup initiated coverage on shares of Viking (NYSE:VIK) in a research report report published on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $54.00 price target on the stock.

VIK has been the subject of several other reports. Bank of America upped their price target on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, 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 report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $42.85.

Viking Price Performance

NYSE:VIK opened at $46.23 on Thursday. The business’s 50-day simple moving average is $43.27 and its two-hundred day simple moving average is $37.17. Viking has a 52 week low of $25.71 and a 52 week high of $47.62.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in Viking during the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new position in Viking during the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. purchased a new stake in Viking in the second quarter valued at about $68,000. SG Americas Securities LLC acquired a new stake in Viking in the third quarter worth about $181,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Viking during the third quarter valued at about $187,000. 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.