Viking (NYSE:VIK) Coverage Initiated at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Viking (NYSE:VIK) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “hold” rating and a $45.00 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 11.10% from the company’s previous close.

A number of other brokerages also recently weighed in on VIK. Barclays set a $46.00 target price on Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Citigroup initiated coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective for the company. Morgan Stanley lowered their target price on Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. BNP Paribas began coverage on shares of Viking in a research report on Thursday, March 27th. They set an “outperform” rating and a $47.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Five investment 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 has an average rating of “Moderate Buy” and a consensus price target of $46.29.

Viking Trading Up 1.9 %

NYSE VIK opened at $40.50 on Monday. The business has a fifty day simple moving average of $46.53 and a 200 day simple moving average of $43.49. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The firm has a market capitalization of $17.48 billion and a P/E ratio of 155.78.

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

Institutional Trading of Viking

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new position in shares of Viking during the 3rd quarter valued at $1,269,000. Blue Chip Partners LLC purchased a new position in Viking during the fourth quarter worth about $279,000. Renaissance Capital LLC increased its stake in Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock worth $5,355,000 after acquiring an additional 9,527 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Viking in the 4th quarter valued at about $339,000. Finally, Franklin Resources Inc. boosted its position in shares of 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 during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Company Profile

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.