Viking (NYSE:VIK) Coverage Initiated by Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group started coverage on shares of Viking (NYSE:VIK - Get Free Report) in a report issued on Monday, Marketbeat Ratings reports. The firm set a "hold" rating and a $45.00 price target on the stock. Jefferies Financial Group's target price suggests a potential upside of 28.32% from the company's current price.

Several other equities analysts have also recently issued reports on VIK. The Goldman Sachs Group started coverage on shares of Viking in a research report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price target for the company. Citigroup began coverage on Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 target price on the stock. BNP Paribas started coverage on Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target for the company. JPMorgan Chase & Co. upped their target price on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, Truist Financial raised their price target on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $46.29.

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Viking Stock Down 8.5 %

Shares of VIK stock traded down $3.27 on Monday, reaching $35.07. The company had a trading volume of 3,135,913 shares, compared to its average volume of 2,489,786. The stock has a market capitalization of $15.13 billion and a PE ratio of 134.44. The business's 50-day moving average is $46.21 and its 200 day moving average is $43.44. Viking has a one year low of $25.71 and a one year high of $53.14.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The firm's revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts forecast that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Viking

Several large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Viking in the 4th quarter worth approximately $245,038,000. Select Equity Group L.P. raised its holdings in Viking by 26.9% in the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after purchasing an additional 3,658,225 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after purchasing an additional 2,492,724 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after acquiring an additional 2,270,075 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

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.