Viking (NYSE:VIK – Free Report) had its target price increased by Mizuho from $69.00 to $75.00 in a research note published on Friday morning, MarketBeat reports. The firm currently has an underperform rating on the stock.
Other research analysts have also recently issued research reports about the stock. Susquehanna increased their target price on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Citigroup reiterated a “buy” rating on shares of Viking in a report on Friday. Barclays upped their price target on shares of Viking from $76.00 to $88.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, UBS Group upped their price target on shares of Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $88.57.
Get Our Latest Analysis on Viking
Viking Trading Down 3.5%
Viking (NYSE:VIK – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a net margin of 18.23% and a return on equity of 166.31%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share. On average, analysts forecast that Viking will post 3.31 earnings per share for the current fiscal year.
Insider Transactions at Viking
In related news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in Viking in the 3rd quarter valued at approximately $26,000. Activest Wealth Management raised its holdings in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Viking in the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC raised its holdings in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.
Trending Headlines about Viking
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Viking’s Q1 results showed earnings in line with estimates and revenue above expectations, helped by 17.5% year-over-year growth and strong advanced bookings that suggest demand remains healthy. Article: Viking Shares Rise After First-Quarter Earnings Top Expectations
- Positive Sentiment: Investors are also encouraged by commentary that Viking is well positioned for 2027, with booking trends and cruise demand supporting the growth outlook. Article: Viking Well Positioned for 2027 With Strong Advanced Bookings
- Positive Sentiment: Analysts and market commentary have highlighted Viking’s improving fundamentals, including accelerating booking growth and potential for future rating upgrades. Article: Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Neutral Sentiment: Mizuho raised its price target on Viking to $75 from $69, but kept an underperform rating, signaling mixed analyst sentiment despite the higher target. Article: Viking price target raised by Mizuho
- Neutral Sentiment: Viking announced a CEO transition, naming Leah Talactac as CEO and Torstein Hagen as executive chairman, which adds leadership clarity but also brings a new management structure into focus. Article: Viking announces Leah Talactac as new CEO
- Negative Sentiment: Some commentary points to rising fuel costs and the company’s heavy leverage as risks that could pressure margins and keep investors focused on profitability and debt. Article: Viking Holdings’ revenue growth helps offset rising fuel costs
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.
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