Bank of America Increases Viking (NYSE:VIK) Price Target to $40.00

Viking (NYSE:VIK) had its price objective upped by research analysts at Bank of America from $35.00 to $40.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 8.31% from the stock’s previous close.

Several other analysts have also weighed in on VIK. UBS Group began coverage on shares of Viking in a research note on Tuesday, May 28th. They set a “buy” rating and a $35.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Viking in a research note on Tuesday, May 28th. They set an “overweight” rating and a $34.00 target price for the company. Stifel Nicolaus began coverage on shares of Viking in a research note on Tuesday, May 28th. They set a “buy” rating and a $37.00 target price for the company. Melius began coverage on shares of Viking in a report on Wednesday, May 22nd. They set a “buy” rating and a $37.00 price target for the company. Finally, Truist Financial started coverage on shares of Viking in a report on Friday, June 21st. They set a “hold” rating and a $38.00 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average price target of $35.83.

Viking Trading Up 1.7 %

Shares of NYSE:VIK traded up $0.60 during midday trading on Tuesday, reaching $36.93. The company had a trading volume of 150,747 shares, compared to its average volume of 1,931,925. The company’s fifty day simple moving average is $32.04. Viking has a one year low of $25.71 and a one year high of $37.25.

Viking (NYSE:VIK) last issued its quarterly earnings results on Wednesday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.43. The company had revenue of $718.16 million during the quarter, compared to the consensus estimate of $705.70 million. As a group, equities research analysts forecast that Viking will post 1.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in VIK. Renaissance Capital LLC acquired a new position in Viking in the second quarter worth approximately $2,250,000. U.S. Capital Wealth Advisors LLC acquired a new position in Viking during the second quarter valued at approximately $2,226,000. Cascade Investment Group Inc. acquired a new position in Viking during the second quarter valued at approximately $289,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Viking during the second quarter valued at approximately $1,004,000.

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.