Stifel Nicolaus Increases Viking (NYSE:VIK) Price Target to $50.00

Viking (NYSE:VIK) had its price target boosted by research analysts at Stifel Nicolaus from $39.00 to $50.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 9.00% from the stock’s previous close.

Other research analysts have also issued reports about the company. Wells Fargo & Company raised their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Barclays raised their target price on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Bank of America raised their target price on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Viking Trading Up 1.2 %

Shares of VIK opened at $45.87 on Monday. Viking has a 52 week low of $25.71 and a 52 week high of $46.25. The stock has a fifty day moving average of $37.76 and a 200-day moving average of $34.38.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Sell-side analysts predict that Viking will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Viking

Large investors have recently made changes to their positions in the company. Avior Wealth Management LLC acquired a new stake in shares of Viking in the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new stake in shares of Viking in the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking in the 2nd quarter valued at about $68,000. American National Bank acquired a new stake in shares of Viking in the 2nd quarter valued at about $68,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Viking in the 3rd quarter valued at about $181,000.

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.