Viking (NYSE:VIK) Shares Gap Down – Time to Sell?

Shares of Viking Holdings Ltd (NYSE:VIK) gapped down prior to trading on Tuesday . The stock had previously closed at $45.39, but opened at $43.53. Viking shares last traded at $43.57, with a volume of 920,223 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on VIK. Barclays lifted their price objective on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Bank of America raised their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Viking Price Performance

The business’s 50-day moving average price is $38.02 and its two-hundred day moving average price is $34.51.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Analysts predict that Viking Holdings Ltd will post 1.12 EPS for the current year.

Institutional Trading of Viking

Large investors have recently made changes to their positions in the company. Avior Wealth Management LLC acquired a new position in Viking during the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Viking during the 2nd quarter worth $35,000. American National Bank bought a new stake in shares of Viking during the 2nd quarter worth $68,000. Sunbelt Securities Inc. acquired a new stake in Viking in the second quarter valued at about $68,000. Finally, SG Americas Securities LLC bought a new position in Viking in the third quarter valued at about $181,000.

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.