Morgan Stanley Cuts Viking (NYSE:VIK) Price Target to $49.00

Viking (NYSE:VIK) had its price objective decreased by Morgan Stanley from $53.00 to $49.00 in a research note issued to investors on Friday morning, Marketbeat reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research analysts have also issued reports on VIK. Barclays set a $46.00 target price on Viking and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Truist Financial upped their target price on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. Citigroup began coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective on the stock. Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.33.

Viking Stock Up 0.3 %

Shares of NYSE VIK opened at $40.11 on Friday. The business has a 50-day simple moving average of $47.22 and a two-hundred day simple moving average of $43.07. Viking has a 52 week low of $25.71 and a 52 week high of $53.14. The company has a market cap of $17.30 billion and a P/E ratio of 154.25.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities research analysts anticipate that Viking will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently modified their holdings of VIK. Avior Wealth Management LLC purchased a new stake in Viking in the third quarter valued at approximately $27,000. Quarry LP acquired a new position in shares of Viking during the fourth quarter worth $66,000. Golden State Wealth Management LLC purchased a new position in Viking in the fourth quarter valued at $73,000. Orion Capital Management LLC purchased a new position in Viking in the fourth quarter valued at $110,000. Finally, New York State Common Retirement Fund acquired a new stake in Viking in the fourth quarter valued at $119,000. Hedge funds and other 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.