Barclays Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price target raised by Barclays from $43.00 to $49.00 in a research note published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

VIK has been the subject of several other reports. Wells Fargo & Company boosted their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Stifel Nicolaus raised their price objective on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America increased their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Viking Stock Down 1.5 %

VIK opened at $44.40 on Wednesday. Viking has a one year low of $25.71 and a one year high of $46.25. The business has a 50 day simple moving average of $38.55 and a two-hundred day simple moving average of $34.69.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Research analysts anticipate that Viking will post 1.28 EPS for the current year.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in VIK. Renaissance Capital LLC purchased a new position in shares of Viking during the 2nd quarter worth approximately $2,250,000. U.S. Capital Wealth Advisors LLC bought a new stake in Viking during the second quarter worth approximately $2,226,000. Cascade Investment Group Inc. acquired a new position in shares of Viking in the 2nd quarter valued at about $289,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Viking during the 2nd quarter worth about $1,004,000. Finally, American National Bank bought a new position in shares of Viking during the 2nd quarter worth about $68,000.

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.