Equities researchers at Northcoast Research began coverage on shares of Viking (NYSE:VIK - Get Free Report) in a report released on Friday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $51.00 price target on the stock. Northcoast Research's price target would suggest a potential upside of 26.66% from the stock's current price.
A number of other equities analysts have also recently commented on VIK. Jefferies Financial Group started coverage on Viking in a report on Monday, March 31st. They issued a "hold" rating and a $45.00 target price for the company. Melius Research set a $51.00 target price on shares of Viking in a research note on Monday. BNP Paribas initiated coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target for the company. Redburn Atlantic raised shares of Viking to a "hold" rating in a research report on Tuesday, April 1st. Finally, UBS Group upped their target price on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.89.
Check Out Our Latest Report on Viking
Viking Price Performance
NYSE VIK opened at $40.27 on Friday. Viking has a 1-year low of $25.71 and a 1-year high of $53.14. The business has a 50 day simple moving average of $42.01 and a two-hundred day simple moving average of $43.86. The stock has a market capitalization of $17.37 billion and a PE ratio of 154.87.
Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The business's revenue was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Viking will post 1.49 EPS for the current fiscal year.
Institutional Trading of Viking
Several hedge funds have recently modified their holdings of the company. Blue Chip Partners LLC purchased a new stake in Viking during the fourth quarter valued at approximately $279,000. Renaissance Capital LLC raised its stake in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after buying an additional 9,527 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after buying an additional 1,070,589 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Viking in the 4th quarter valued at $339,000. Finally, Franklin Resources Inc. raised its stake in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after acquiring an additional 836,353 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.
About Viking
(
Get Free Report)
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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