Viking (NYSE:VIK) Given New $51.00 Price Target at Bank of America

Viking (NYSE:VIK) had its price objective lifted by Bank of America from $40.00 to $51.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on VIK. Stifel Nicolaus lifted their price target on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Barclays increased their target price on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.58.

Viking Stock Performance

Shares of VIK opened at $45.34 on Wednesday. Viking has a 12 month low of $25.71 and a 12 month high of $46.25. The stock has a fifty day moving average price of $37.76 and a 200 day moving average price of $34.38.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts forecast that Viking will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VIK. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Viking in the 2nd quarter worth $2,226,000. U S Global Investors Inc. purchased a new position in Viking in the 3rd quarter worth about $1,169,000. International Assets Investment Management LLC acquired a new stake in Viking during the 3rd quarter worth about $2,222,000. Forest Avenue Capital Management LP purchased a new stake in Viking during the second quarter valued at about $58,008,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Viking in the second quarter worth about $2,063,879,000.

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.