Viking (NYSE:VIK) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Viking (NYSE:VIK - Get Free Report) had its target price lifted by research analysts at Stifel Nicolaus from $39.00 to $50.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 10.16% from the company's previous close.

Several other research analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Barclays increased their target price on Viking from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, September 4th. Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Viking currently has an average rating of "Moderate Buy" and an average target price of $40.50.

Viking Stock Up 0.1 %

NYSE:VIK traded up $0.05 during trading hours on Monday, reaching $45.39. 3,171,515 shares of the company traded hands, compared to its average volume of 1,876,192. The business's 50-day moving average price is $37.76 and its two-hundred day moving average price is $34.38. Viking has a 1 year low of $25.71 and a 1 year high of $46.25.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.61 billion. On average, research analysts anticipate that Viking will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Empirical Asset Management LLC increased its stake in shares of Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company's stock worth $341,000 after purchasing an additional 550 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Viking in the third quarter worth about $27,000. Fruth Investment Management increased its position in Viking by 1.4% in the third quarter. Fruth Investment Management now owns 71,800 shares of the company's stock worth $2,505,000 after buying an additional 1,000 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Viking in the second quarter worth about $35,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Viking during the 2nd quarter valued at about $68,000.

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.