Viking (NYSE:VIK) Now Covered by Analysts at BNP Paribas

BNP Paribas initiated coverage on shares of Viking (NYSE:VIK) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage issued an outperform rating and a $47.00 target price on the stock.

Several other equities analysts have also weighed in on VIK. Truist Financial lifted their target price on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. UBS Group lifted their price objective on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Citigroup began coverage on shares of Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 target price on the stock. Morgan Stanley cut their price target on Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. increased their price target on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.38.

Viking Stock Performance

NYSE:VIK opened at $39.35 on Thursday. The firm’s fifty day moving average is $46.85 and its two-hundred day moving average is $43.30. The firm has a market cap of $16.98 billion and a price-to-earnings ratio of 151.33. Viking has a one year low of $25.71 and a one year high of $53.14.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities research analysts predict that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Hedge funds have recently modified their holdings of the business. Commerce Bank purchased a new stake in Viking during the 3rd quarter valued at about $276,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Viking during the 3rd quarter worth approximately $1,269,000. Cerity Partners LLC purchased a new stake in shares of Viking in the third quarter valued at approximately $882,000. FMR LLC increased its holdings in shares of Viking by 27.8% in the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Viking by 40.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,400,000 shares of the company’s stock worth $48,846,000 after buying an additional 400,000 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.