Viking (NYSE:VIK) Price Target Raised to $39.00 at Wells Fargo & Company

Viking (NYSE:VIK - Free Report) had its target price upped by Wells Fargo & Company from $35.00 to $39.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

VIK has been the subject of a number of other research reports. Truist Financial began coverage on shares of Viking in a research report on Friday, June 21st. They set a hold rating and a $38.00 price objective for the company. Melius Research initiated coverage on shares of Viking in a research report on Wednesday, May 22nd. They issued a buy rating and a $37.00 price objective for the company. UBS Group started coverage on Viking in a research report on Tuesday, May 28th. They set a buy rating and a $35.00 target price on the stock. Melius assumed coverage on Viking in a report on Wednesday, May 22nd. They issued a buy rating and a $37.00 price target for the company. Finally, Barclays assumed coverage on Viking in a report on Tuesday, July 2nd. They set an overweight rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $37.17.

Viking Trading Up 0.9 %

Shares of VIK stock traded up $0.28 during midday trading on Wednesday, hitting $33.03. The company had a trading volume of 515,630 shares, compared to its average volume of 1,721,267. Viking has a 52-week low of $25.71 and a 52-week high of $37.25. The stock has a 50 day simple moving average of $34.46.

Institutional Investors Weigh In On Viking

Large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new position in shares of Viking in the second quarter valued at approximately $2,063,879,000. Select Equity Group L.P. acquired a new position in Viking in the 2nd quarter valued at $145,989,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Viking during the 2nd quarter worth $73,247,000. Forest Avenue Capital Management LP acquired a new stake in shares of Viking during the second quarter worth $58,008,000. Finally, Millennium Management LLC purchased a new stake in shares of Viking in the second quarter valued at $42,008,000.

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.