Viking (NYSE:VIK) Now Covered by Analysts at Wells Fargo & Company

Equities research analysts at Wells Fargo & Company began coverage on shares of Viking (NYSE:VIK) in a note issued to investors on Tuesday. The firm set an “equal weight” rating and a $56.00 price target on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 2.28% from the company’s current price.

Several other equities analysts also recently commented on the stock. Bank of America upped their price objective on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Morgan Stanley raised their price objective on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Barclays upped their price target on Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, October 3rd. Finally, UBS Group reiterated a “buy” rating and set a $69.00 target price on shares of Viking in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.75.

Viking Stock Down 3.4%

Shares of VIK opened at $57.31 on Tuesday. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. Viking has a 1 year low of $31.79 and a 1 year high of $65.37. The stock has a 50 day simple moving average of $60.53 and a two-hundred day simple moving average of $55.85. The firm has a market cap of $25.39 billion, a P/E ratio of 30.98, a P/E/G ratio of 0.69 and a beta of 2.20.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Viking’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, analysts forecast that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Viking

Several hedge funds have recently made changes to their positions in VIK. US Bancorp DE lifted its position in Viking by 43.2% in the second quarter. US Bancorp DE now owns 15,017 shares of the company’s stock worth $800,000 after buying an additional 4,529 shares during the last quarter. HMS Capital Management LLC bought a new stake in Viking during the 2nd quarter valued at $257,000. Maryland State Retirement & Pension System bought a new position in Viking during the 2nd quarter worth about $526,000. Deutsche Bank AG purchased a new position in Viking during the first quarter valued at approximately $261,000. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Viking during the 2nd quarter worth $2,527,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.