Citigroup Raises Viking (NYSE:VIK) Price Target to $57.00

Viking (NYSE:VIK) had its price objective upped by Citigroup from $52.00 to $57.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on the company. Northcoast Research began coverage on Viking in a research note on Friday, April 25th. They issued a “buy” rating and a $51.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Viking from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Morgan Stanley dropped their price objective on Viking from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Loop Capital reiterated a “buy” rating on shares of Viking in a research note on Wednesday, May 21st. Finally, Melius Research set a $51.00 price target on Viking in a research note on Monday, April 21st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Viking Stock Performance

Viking stock opened at $48.82 on Thursday. The business’s 50-day simple moving average is $42.26 and its 200-day simple moving average is $44.62. The firm has a market capitalization of $21.06 billion and a PE ratio of 39.69. Viking has a 52 week low of $30.42 and a 52 week high of $53.14.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.21) earnings per share. Research analysts forecast that Viking will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Viking

Large investors have recently modified their holdings of the stock. Costello Asset Management INC bought a new stake in shares of Viking in the 1st quarter valued at approximately $33,000. Harbour Investments Inc. grew its stake in shares of Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after purchasing an additional 346 shares during the period. NewEdge Advisors LLC grew its stake in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the period. Quarry LP bought a new stake in shares of Viking in the 4th quarter valued at approximately $66,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Viking in the 4th quarter valued at approximately $73,000. 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.