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

Viking (NYSE:VIK) had its target price boosted by Truist Financial from $49.00 to $50.00 in a research report released on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. Loop Capital assumed coverage on Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. The Goldman Sachs Group assumed coverage on Viking in a report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price on the stock. Barclays set a $46.00 target price on Viking and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus raised their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Viking Trading Up 2.9 %

VIK opened at $40.33 on Friday. The stock has a market cap of $17.40 billion and a price-to-earnings ratio of 155.11. Viking has a 1 year low of $25.71 and a 1 year high of $53.14. The stock has a fifty day moving average price of $47.50 and a 200 day moving average price of $42.83.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Viking will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Select Equity Group L.P. increased its stake in Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after acquiring an additional 3,658,225 shares during the period. Capital Research Global Investors increased its stake in Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after acquiring an additional 2,492,724 shares during the period. FMR LLC increased its stake in Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after acquiring an additional 1,518,773 shares during the period. Norges Bank bought a new position in Viking during the fourth quarter valued at about $245,038,000. Finally, Franklin Resources Inc. increased its stake in Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares during the period. 98.84% of the stock is currently owned by institutional investors.

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.