Viking (NYSE:VIK – Get Free Report) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company upgraded Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $79.00 to $109.00 in a report on Monday, May 18th. Sanford C. Bernstein assumed coverage on Viking in a report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price objective for the company. Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Barclays upped their target price on Viking from $88.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.76.
Read Our Latest Research Report on Viking
Viking Trading Down 1.8%
Viking (NYSE:VIK – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted ($0.24) EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, sell-side analysts forecast that Viking will post 3.28 EPS for the current fiscal year.
Insider Transactions at Viking
In other Viking news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the transaction, the executive vice president owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This trade represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 63,935 shares of company stock valued at $5,360,351.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIK. Basecamp Wealth Advisors LLC acquired a new position in shares of Viking during the first quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Viking during the 3rd quarter valued at $26,000. Activest Wealth Management grew its holdings in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Viking during the 4th quarter worth $28,000. Finally, Cornerstone Planning Group LLC increased its stake in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
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.
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