Barclays Reiterates "Equal Weight" Rating for Viking (NYSE:VIK)

Barclays reissued their equal weight rating on shares of Viking (NYSE:VIK - Free Report) in a research note published on Friday morning, MarketBeat reports. Barclays currently has a $49.00 price objective on the stock.

VIK has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, September 4th. Morgan Stanley raised shares of Viking from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Finally, Truist Financial upped their target price on shares of Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.92.

Viking Price Performance

Shares of NYSE:VIK traded down $0.69 during midday trading on Friday, reaching $45.49. 1,282,906 shares of the company were exchanged, compared to its average volume of 1,975,082. The business's fifty day moving average is $42.34 and its two-hundred day moving average is $36.56. Viking has a one year low of $25.71 and a one year high of $47.62.

Institutional Investors Weigh In On Viking

A number of institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC bought a new position in Viking in the 3rd quarter valued at $27,000. Valley Wealth Managers Inc. bought a new position in shares of Viking in the second quarter worth about $35,000. American National Bank purchased a new position in Viking in the 2nd quarter worth about $68,000. Sunbelt Securities Inc. purchased a new position in shares of Viking during the second quarter worth approximately $68,000. Finally, SG Americas Securities LLC purchased a new position in Viking during the 3rd quarter worth $181,000. 98.84% of the stock is 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.