Viking (NYSE:VIK) Coverage Initiated by Analysts at BNP Paribas

BNP Paribas started coverage on shares of Viking (NYSE:VIK - Free Report) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $47.00 price target on the stock.

A number of other equities analysts also recently weighed in on the company. Truist Financial upped their target price on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, March 14th. The Goldman Sachs Group started coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price objective on the stock. Barclays set a $46.00 target price on shares of Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Citigroup started coverage on shares of Viking in a research note on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Viking presently has an average rating of "Moderate Buy" and a consensus price target of $46.38.

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Viking Price Performance

Shares of NYSE VIK traded down $1.90 during mid-day trading on Thursday, reaching $39.35. 2,546,378 shares of the company traded hands, compared to its average volume of 2,468,793. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The stock has a fifty day simple moving average of $46.85 and a 200-day simple moving average of $43.30. The firm has a market cap of $16.98 billion and a PE ratio of 151.33.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VIK. Avior Wealth Management LLC lifted its position in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after acquiring an additional 285 shares during the period. Quarry LP bought a new position in Viking in the fourth quarter worth $66,000. Golden State Wealth Management LLC acquired a new stake in Viking during the fourth quarter worth $73,000. Orion Capital Management LLC bought a new stake in Viking in the 4th quarter valued at $110,000. Finally, New York State Common Retirement Fund bought a new stake in Viking in the 4th quarter valued at $119,000. Institutional investors and hedge funds own 98.84% of the company's stock.

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.