Morgan Stanley Upgrades Viking (NYSE:VIK) to Overweight

Morgan Stanley upgraded shares of Viking (NYSE:VIK) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have $49.00 price objective on the stock, up from their previous price objective of $37.00.

Several other equities analysts have also recently issued reports on VIK. JPMorgan Chase & Co. lifted their price objective on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Stifel Nicolaus raised their target price on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Bank of America increased their price target on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Barclays lifted their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.58.

Viking Price Performance

NYSE VIK opened at $45.79 on Tuesday. Viking has a 52-week low of $25.71 and a 52-week high of $46.25. The firm has a 50-day moving average price of $37.50 and a 200 day moving average price of $34.30.

Viking (NYSE:VIK) last issued its 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 company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, analysts predict that Viking will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC purchased a new position in Viking during the third quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Viking during the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. purchased a new position in shares of Viking during the 2nd quarter worth about $68,000. American National Bank acquired a new stake in shares of Viking in the second quarter worth approximately $68,000. Finally, SG Americas Securities LLC purchased a new stake in Viking in the third quarter valued at approximately $181,000.

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.