Viking Holdings Ltd (NYSE:VIK - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.99 and last traded at $39.99, with a volume of 3082 shares traded. The stock had previously closed at $39.64.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on VIK shares. Morgan Stanley raised their price target on Viking from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 20th. Barclays boosted their target price on Viking from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their price target on shares of Viking from $37.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on shares of Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Bank of America increased their target price on shares of Viking from $35.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and an average price target of $37.50.
Check Out Our Latest Stock Analysis on VIK
Viking Stock Performance
The firm's 50-day moving average price is $35.73.
Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, analysts forecast that Viking Holdings Ltd will post 1.13 earnings per share for the current fiscal year.
Institutional Trading of Viking
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIK. Renaissance Capital LLC purchased a new position in Viking during the 2nd quarter valued at $2,250,000. U.S. Capital Wealth Advisors LLC bought a new position in Viking in the second quarter worth about $2,226,000. Cascade Investment Group Inc. purchased a new stake in Viking in the second quarter worth about $289,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Viking in the second quarter worth about $1,004,000. Finally, American National Bank bought a new stake in Viking during the 2nd quarter valued at approximately $68,000.
Viking Company Profile
(
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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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