Morgan Stanley Has Lowered Expectations for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK - Free Report) had its price objective cut by Morgan Stanley from $53.00 to $49.00 in a research note released on Friday, Marketbeat.com reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Loop Capital started coverage on Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target for the company. Barclays set a $46.00 target price on Viking and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. Truist Financial lifted their price target on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. Finally, UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.33.

Viking Trading Up 1.2 %

NYSE VIK traded up $0.51 during midday trading on Friday, hitting $41.93. The company had a trading volume of 472,008 shares, compared to its average volume of 2,427,665. The firm has a 50-day moving average price of $47.19 and a 200-day moving average price of $43.13. The company has a market capitalization of $18.09 billion and a PE ratio of 161.17. Viking has a twelve month low of $25.71 and a twelve month high of $53.14.

Remove Ads

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The company's revenue was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Viking will post 1.49 EPS for the current year.

Institutional Trading of Viking

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new position in Viking in the 3rd quarter valued at $1,269,000. Blue Chip Partners LLC bought a new position in shares of Viking in the 4th quarter worth $279,000. Renaissance Capital LLC lifted its holdings in shares of Viking by 8.5% during the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after acquiring an additional 9,527 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Viking in the fourth quarter valued at $339,000. Finally, Franklin Resources Inc. raised its position in Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after purchasing an additional 836,353 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

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.