Viking (NYSE:VIK) Price Target Raised to $55.00 at UBS Group

Viking (NYSE:VIK) had its target price increased by stock analysts at UBS Group from $54.00 to $55.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 35.06% from the company’s current price.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus increased 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. Barclays set a $46.00 price objective on Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Citigroup started coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price for the company. Truist Financial raised their target price on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group began coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.33.

Viking Trading Down 3.2 %

Shares of VIK opened at $40.72 on Tuesday. The stock has a market capitalization of $17.57 billion and a price-to-earnings ratio of 157.96. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The firm has a fifty day simple moving average of $47.48 and a 200 day simple moving average of $42.89.

Viking (NYSE:VIK) last posted its earnings results 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 analyst estimates of $1.34 billion. The business’s revenue was up 20.5% on a year-over-year basis. As a group, research analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Viking

Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Viking during the fourth quarter worth about $245,038,000. Select Equity Group L.P. lifted its stake in shares of Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after buying an additional 3,658,225 shares in the last quarter. Capital Research Global Investors boosted its holdings in Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after buying an additional 2,492,724 shares during the period. Two Sigma Advisers LP grew its stake in Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock valued at $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock valued at $105,092,000 after acquiring an additional 2,270,075 shares during the period. 98.84% of the stock is currently owned by institutional investors.

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.