Susquehanna Has Lowered Expectations for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price target lowered by research analysts at Susquehanna from $105.00 to $100.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 18.95% from the company’s previous close.

VIK has been the topic of a number of other research reports. Benchmark raised Viking to a “strong-buy” rating in a research report on Friday, September 25th. Mizuho increased their price target on shares of Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research report on Monday, August 24th. Barclays lowered their price target on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, August 31st. Weiss Ratings downgraded shares of Viking from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Jefferies Financial Group boosted their price objective on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $106.56.

Viking Stock Performance

Shares of VIK stock opened at $84.07 on Tuesday. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.01 and a beta of 1.47. The company’s 50 day moving average is $86.46 and its 200 day moving average is $89.64. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking has a 52-week low of $56.37 and a 52-week high of $110.09.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that Viking will post 3.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Viking news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Viking

Several hedge funds have recently modified their holdings of the stock. Basecamp Wealth Advisors LLC purchased a new stake in Viking in the first quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new position in Viking during the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. raised its position in Viking by 304.4% during the 1st quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock worth $34,000 after buying an additional 344 shares during the last quarter. GAMMA Investing LLC raised its position in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after buying an additional 145 shares during the last quarter. Finally, Ninety One SA Pty Ltd acquired a new stake in Viking during the 3rd quarter valued at approximately $110,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Viking

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.