Viking (NYSE:VIK) Price Target Raised to $61.00

Viking (NYSE:VIK) had its price target increased by analysts at Barclays from $55.00 to $61.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 3.71% from the company’s current price.

Several other analysts have also commented on VIK. UBS Group raised their target price on Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Stifel Nicolaus raised their target price on Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Citigroup raised their target price on Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Loop Capital reaffirmed a “buy” rating on shares of Viking in a report on Wednesday, May 21st. Finally, Jefferies Financial Group raised their target price on Viking from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.60.

Viking Stock Performance

NYSE:VIK traded up $0.41 during midday trading on Thursday, hitting $63.35. The company’s stock had a trading volume of 210,934 shares, compared to its average volume of 3,169,927. Viking has a fifty-two week low of $30.75 and a fifty-two week high of $63.82. The firm’s 50 day moving average is $56.90 and its 200-day moving average is $48.37. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The firm has a market cap of $28.07 billion, a P/E ratio of 34.23, a P/E/G ratio of 0.73 and a beta of 2.40.

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

Hedge Funds Weigh In On Viking

Hedge funds have recently bought and sold shares of the business. Pittenger & Anderson Inc. purchased a new position in Viking during the second quarter worth approximately $27,000. Private Trust Co. NA acquired a new position in Viking in the 2nd quarter valued at $29,000. Costello Asset Management INC purchased a new position in Viking during the first quarter worth approximately $33,000. Harbour Investments Inc. lifted its position in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after buying an additional 346 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Viking during the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.