Viking (NYSE:VIK) Price Target Raised to $80.00

Viking (NYSE:VIK) had its price target upped by research analysts at Bank of America from $70.00 to $80.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 9.75% from the stock’s current price.

VIK has been the subject of several other reports. Truist Financial boosted their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group upgraded Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $78.00 in a research note on Tuesday, December 9th. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.00 to $80.00 in a report on Monday, December 15th. Finally, Mizuho set a $59.00 price target on shares of Viking in a research report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.63.

Viking Stock Up 1.3%

Shares of NYSE:VIK traded up $0.94 during trading on Monday, hitting $72.89. 1,551,820 shares of the company were exchanged, compared to its average volume of 1,854,079. The firm’s 50 day moving average price is $66.92 and its 200-day moving average price is $62.15. Viking has a 12-month low of $31.79 and a 12-month high of $74.61. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The stock has a market capitalization of $32.30 billion, a P/E ratio of 34.06, a PEG ratio of 0.63 and a beta of 2.07.

Viking (NYSE:VIK) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned $0.89 EPS. Viking’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after buying an additional 3,471,244 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after acquiring an additional 6,715,666 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Viking by 80.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after acquiring an additional 3,615,969 shares during the last quarter. Holocene Advisors LP increased its position in Viking by 57.9% during the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after purchasing an additional 2,092,729 shares in the last quarter. Finally, Norges Bank purchased a new stake in Viking during the 2nd quarter worth about $236,911,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.