Viking (NYSE:VIK – Get Free Report) had its price target hoisted by research analysts at Morgan Stanley from $79.00 to $81.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 0.25% from the stock’s current price.
Several other analysts also recently commented on VIK. Wells Fargo & Company upped their price objective on shares of Viking from $78.00 to $79.00 and gave the company a “cautious” rating in a report on Wednesday, April 15th. Citigroup upped their price objective on shares of Viking from $88.00 to $90.00 and gave the company a “buy” rating in a report on Monday, April 13th. UBS Group upped their price objective on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Stifel Nicolaus boosted their target price on shares of Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.
Check Out Our Latest Analysis on Viking
Viking Stock Performance
Viking (NYSE:VIK – Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. The company had revenue of $1.72 billion during the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. As a group, research analysts predict that Viking will post 3.31 EPS for the current year.
Insiders Place Their Bets
In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the company’s 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 directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Hedge Funds Weigh In On Viking
Large investors have recently added to or reduced their stakes in the stock. Activest Wealth Management raised its position in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new position in Viking during the fourth quarter worth $28,000. Cornerstone Planning Group LLC raised its position in Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after acquiring an additional 316 shares during the period. SBI Securities Co. Ltd. raised its position in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Viking during the third quarter worth $26,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
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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