Truist Financial Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK - Free Report) had its target price increased by Truist Financial from $49.00 to $50.00 in a report issued on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

VIK has been the subject of a number of other research reports. Stifel Nicolaus increased their target price on Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. The Goldman Sachs Group began coverage on Viking in a report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price objective for the company. Loop Capital began coverage on Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective for the company. Barclays set a $46.00 price objective on Viking and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Finally, Citigroup began coverage on Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.33.

Viking Stock Down 7.4 %

NYSE VIK traded down $3.13 on Friday, reaching $38.94. 9,197,167 shares of the stock traded hands, compared to its average volume of 2,397,655. The firm's fifty day simple moving average is $47.41 and its 200 day simple moving average is $42.93. The company has a market cap of $16.80 billion and a price-to-earnings ratio of 149.75. Viking has a 12 month low of $25.71 and a 12 month high of $53.14.

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Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. The business's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC acquired a new stake in Viking during the third quarter worth about $27,000. Quarry LP bought a new position in shares of Viking in the fourth quarter valued at approximately $66,000. Golden State Wealth Management LLC bought a new position in shares of Viking in the fourth quarter valued at approximately $73,000. Orion Capital Management LLC acquired a new stake in shares of Viking in the fourth quarter valued at approximately $110,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Viking in the fourth quarter valued at approximately $119,000. 98.84% of the stock is owned by institutional investors and hedge funds.

About Viking

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.