Viking (NYSE:VIK) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of Viking (NYSE:VIK) in a research note published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $54.00 price target on the stock.

Several other brokerages have also commented on VIK. Bank of America boosted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays reissued an “equal weight” rating and issued a $49.00 price target on shares of Viking in a research note on Friday, December 13th. Wells Fargo & Company lifted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Finally, Truist Financial increased their target price on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $42.85.

Viking Stock Performance

Viking stock opened at $43.69 on Thursday. The business has a 50-day simple moving average of $42.99 and a 200 day simple moving average of $37.02. Viking has a 52 week low of $25.71 and a 52 week high of $47.62.

Institutional Investors Weigh In On Viking

Institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Viking in the second quarter valued at approximately $1,004,000. Bank of New York Mellon Corp bought a new stake in Viking during the 2nd quarter valued at $670,000. Allspring Global Investments Holdings LLC bought a new stake in Viking during the 2nd quarter valued at $11,685,000. Lisanti Capital Growth LLC purchased a new stake in Viking during the 2nd quarter valued at $1,597,000. Finally, Ovata Capital Management Ltd bought a new stake in Viking in the 2nd quarter worth $2,546,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.