Viking (NYSE:VIK) Shares Gap Up – Should You Buy?

Viking Holdings Ltd (NYSE:VIK)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $44.44, but opened at $45.55. Viking shares last traded at $45.30, with a volume of 334,409 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VIK. Bank of America raised their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays lifted their price target on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Stifel Nicolaus increased their target price on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley raised 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 report on Tuesday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.58.

Viking Stock Down 0.6 %

The company has a fifty day moving average of $37.25.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Research analysts forecast that Viking Holdings Ltd will post 1.13 EPS for the current year.

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. 140 Summer Partners LP acquired a new stake in Viking during the third quarter worth $48,334,000. Forest Avenue Capital Management LP grew its position in Viking by 11.4% in the 3rd quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company’s stock valued at $66,403,000 after acquiring an additional 194,082 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Viking by 40.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,400,000 shares of the company’s stock worth $48,846,000 after purchasing an additional 400,000 shares during the period. FMR LLC lifted its position in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. Finally, Crestwood Capital Management L.P. boosted its stake in shares of Viking by 236.8% in the third quarter. Crestwood Capital Management L.P. now owns 471,522 shares of the company’s stock valued at $16,451,000 after purchasing an additional 331,522 shares during the period.

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.