Viking (NYSE:VIK) Price Target Cut to $45.00 by Analysts at Barclays

Viking (NYSE:VIK - Get Free Report) had its price target lowered by stock analysts at Barclays from $46.00 to $45.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target suggests a potential upside of 17.72% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Morgan Stanley reduced their price target on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Truist Financial boosted their target price on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. The Goldman Sachs Group initiated coverage on shares of Viking in a research report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price objective for the company. Finally, Redburn Atlantic upgraded Viking to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Viking presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.12.

Viking Stock Performance

NYSE VIK traded up $0.72 during mid-day trading on Tuesday, reaching $38.23. 1,180,516 shares of the stock were exchanged, compared to its average volume of 2,522,795. Viking has a 1-year low of $25.71 and a 1-year high of $53.14. The stock has a market capitalization of $16.49 billion and a PE ratio of 147.02. The business's fifty day simple moving average is $42.75 and its 200 day simple moving average is $43.90.

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, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Viking's revenue was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Viking will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of large investors have recently added to or reduced their stakes in VIK. Stifel Financial Corp lifted its position in Viking by 64.5% during the 3rd quarter. Stifel Financial Corp now owns 12,428 shares of the company's stock worth $434,000 after acquiring an additional 4,875 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Viking during the 3rd quarter valued at $187,000. Franklin Resources Inc. grew its position in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after purchasing an additional 836,353 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Viking by 113.9% during the third quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company's stock valued at $4,227,000 after buying an additional 64,502 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its position in Viking by 50.0% during the fourth quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company's stock worth $555,000 after buying an additional 4,320 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.