Bank of America Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price target increased by equities research analysts at Bank of America from $40.00 to $51.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 11.40% from the company’s previous close.

A number of other research firms have also recently weighed in on VIK. Barclays boosted their target price on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $37.00 to $49.00 in a research note on Tuesday. Stifel Nicolaus boosted their target price on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their target price on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.58.

Viking Stock Performance

VIK stock traded down $0.07 during trading on Wednesday, reaching $45.78. The stock had a trading volume of 224,254 shares, compared to its average volume of 1,856,435. Viking has a one year low of $25.71 and a one year high of $46.14. The stock has a 50 day moving average price of $37.00.

Viking (NYSE:VIK) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.61 billion. On average, sell-side analysts forecast that Viking will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Institutional investors and hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC bought a new position in shares of Viking during the 3rd quarter valued at $27,000. Valley Wealth Managers Inc. bought a new stake in Viking in the 2nd quarter worth $35,000. Sunbelt Securities Inc. bought a new stake in Viking in the 2nd quarter worth $68,000. American National Bank bought a new stake in Viking in the 2nd quarter worth $68,000. Finally, SG Americas Securities LLC bought a new stake in Viking in the 3rd quarter worth $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.