Viking (NYSE:VIK) Price Target Raised to $55.00 at UBS Group

Viking (NYSE:VIK - Free Report) had its price target boosted by UBS Group from $54.00 to $55.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Loop Capital assumed coverage on shares of Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price for the company. Citigroup assumed coverage on shares of Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 target price for the company. Stifel Nicolaus upped their target price on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Truist Financial upped their target price on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.33.

Viking Trading Up 0.3 %

NYSE:VIK traded up $0.14 during trading hours on Tuesday, reaching $40.11. 6,624,736 shares of the company were exchanged, compared to its average volume of 2,427,018. The stock's 50-day moving average is $47.22 and its 200-day moving average is $43.00. The firm has a market cap of $17.30 billion and a PE ratio of 154.25. Viking has a twelve month low of $25.71 and a twelve month high of $53.14.

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Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.34 billion. The business's revenue was up 20.5% compared to the same quarter last year. As a group, research analysts anticipate that Viking will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Select Equity Group L.P. boosted its stake in Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after buying an additional 3,658,225 shares during the period. Capital Research Global Investors boosted its stake in Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after buying an additional 2,492,724 shares during the period. FMR LLC boosted its stake in Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company's stock worth $243,513,000 after buying an additional 1,518,773 shares during the period. Norges Bank acquired a new stake in shares of Viking during the fourth quarter worth about $245,038,000. Finally, Franklin Resources Inc. lifted its position in shares of Viking by 25.7% during the third 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 in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

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.