Viking (NYSE:VIK) Now Covered by BNP Paribas

BNP Paribas started coverage on shares of Viking (NYSE:VIK) in a research report released on Thursday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $47.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Loop Capital assumed coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. UBS Group increased their price target on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. boosted their price objective on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Truist Financial raised their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. Finally, Morgan Stanley dropped their price target on Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $46.38.

Viking Stock Down 0.4 %

Shares of NYSE:VIK opened at $41.37 on Thursday. The business has a fifty day simple moving average of $47.01 and a 200 day simple moving average of $43.17. Viking has a 12-month low of $25.71 and a 12-month high of $53.14. The firm has a market cap of $17.85 billion and a P/E ratio of 159.13.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts expect that Viking will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in VIK. Charles Schwab Investment Management Inc. bought a new stake in Viking during the 3rd quarter worth approximately $1,269,000. Blue Chip Partners LLC purchased a new position in shares of Viking during the fourth quarter valued at approximately $279,000. Renaissance Capital LLC grew its holdings in Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock worth $5,355,000 after buying an additional 9,527 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Viking in the 4th quarter valued at $339,000. Finally, Franklin Resources Inc. lifted its stake in Viking by 25.7% during the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.