Viking (NYSE:VIK) Price Target Raised to $50.00 at Truist Financial

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

Other analysts also recently issued reports about the stock. 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 report on Friday, January 17th. Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Viking in a research report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price on the stock. Barclays set a $46.00 target price on shares of Viking and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Viking Stock Up 2.9 %

NYSE VIK opened at $40.33 on Friday. Viking has a 52-week low of $25.71 and a 52-week high of $53.14. The company has a fifty day moving average of $47.55 and a 200-day moving average of $42.68.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts anticipate that Viking will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Viking

A number of large investors have recently modified their holdings of VIK. Avior Wealth Management LLC bought a new stake in Viking during the third quarter worth about $27,000. Quarry LP bought a new stake in Viking during the fourth quarter worth about $66,000. Golden State Wealth Management LLC bought a new stake in Viking during the fourth quarter worth about $73,000. Orion Capital Management LLC bought a new stake in Viking during the fourth quarter worth about $110,000. Finally, New York State Common Retirement Fund bought a new stake in Viking during the fourth quarter worth about $119,000. 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.