Barclays Boosts Viking (NYSE:VIK) Price Target to $43.00

Viking (NYSE:VIK) had its target price hoisted by Barclays from $39.00 to $43.00 in a research note issued to investors on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the company. HSBC started coverage on Viking in a report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Morgan Stanley raised their price target on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Bank of America increased their price objective on shares of Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and an average price target of $37.50.

Viking Trading Down 0.1 %

VIK opened at $38.75 on Tuesday. The firm’s fifty day moving average is $35.34. Viking has a 52-week low of $25.71 and a 52-week high of $39.70.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, research analysts anticipate that Viking will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of large investors have recently made changes to their positions in VIK. Empirical Asset Management LLC increased its position in Viking by 6.0% during the third quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock worth $341,000 after buying an additional 550 shares during the last quarter. Fruth Investment Management increased its position in shares of Viking by 1.4% during the third quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock valued at $2,505,000 after purchasing an additional 1,000 shares during the period. Valley Wealth Managers Inc. bought a new position in Viking in the second quarter worth $35,000. Sunbelt Securities Inc. acquired a new stake in Viking during the second quarter valued at approximately $68,000. Finally, American National Bank acquired a new stake in shares of Viking in the 2nd quarter valued at $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.