Viking (NYSE:VIK) Reaches New 52-Week High Following Analyst Upgrade

Viking Holdings Ltd (NYSE:VIK - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $50.00 to $58.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Viking traded as high as $47.84 and last traded at $47.53, with a volume of 1067114 shares traded. The stock had previously closed at $45.14.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley upgraded Viking from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Citigroup began coverage on Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 target price on the stock. Barclays restated an "equal weight" rating and set a $49.00 price objective on shares of Viking in a research note on Friday, December 13th. Truist Financial raised their price objective on Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research note on Monday, December 2nd. Finally, Bank of America raised their price objective on Viking from $40.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $44.08.

Institutional Investors Weigh In On Viking

Several large investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in 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 last quarter. SG Americas Securities LLC boosted its position in shares of Viking by 6,693.7% during the 4th quarter. SG Americas Securities LLC now owns 352,659 shares of the company's stock valued at $15,538,000 after acquiring an additional 347,468 shares during the last quarter. Simon Quick Advisors LLC boosted its position in shares of Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after acquiring an additional 1,165 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of Viking by 3.5% during the 4th quarter. Diversify Wealth Management LLC now owns 58,416 shares of the company's stock valued at $2,552,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in shares of Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Trading Up 5.5 %

The stock has a 50-day moving average price of $45.04 and a 200-day moving average price of $38.90.

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.