Loop Capital Initiates Coverage on Viking (NYSE:VIK)

Loop Capital initiated coverage on shares of Viking (NYSE:VIK - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating and a $55.00 target price on the stock.

VIK has been the subject of a number of other reports. Truist Financial increased their target price on Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. Stifel Nicolaus lifted their price target on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Citigroup began coverage on Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target on the stock. Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and a consensus target price of $45.13.

Viking Price Performance

Shares of VIK stock traded up $0.01 during trading hours on Tuesday, hitting $52.85. The stock had a trading volume of 3,872,016 shares, compared to its average volume of 3,069,736. Viking has a twelve month low of $25.71 and a twelve month high of $53.14. The stock's 50 day moving average is $46.37 and its 200 day moving average is $40.50.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. acquired a new stake in Viking in the third quarter worth $1,269,000. U S Global Investors Inc. bought a new stake in Viking in the 3rd quarter valued at about $1,169,000. International Assets Investment Management LLC acquired a new position in Viking during the 3rd quarter valued at about $2,222,000. Renaissance Capital LLC grew its position in Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after purchasing an additional 9,527 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after buying an additional 836,353 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.