Stifel Nicolaus Increases Viking (NYSE:VIK) Price Target to $50.00

Viking (NYSE:VIK) had its price target upped by Stifel Nicolaus from $39.00 to $50.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Barclays upped their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley upgraded 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, November 12th. Bank of America lifted their price objective on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Viking Price Performance

VIK opened at $44.92 on Monday. The company’s 50 day simple moving average is $38.55 and its 200-day simple moving average is $34.69. Viking has a one year low of $25.71 and a one year high of $46.25.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, equities analysts anticipate that Viking will post 1.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

A number of large investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its holdings in shares of Viking by 120.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 23,356 shares of the company’s stock valued at $815,000 after purchasing an additional 12,771 shares in the last quarter. XTX Topco Ltd bought a new position in Viking in the third quarter valued at about $1,344,000. Zimmer Partners LP lifted its holdings in shares of Viking by 70.0% in the third quarter. Zimmer Partners LP now owns 1,062,500 shares of the company’s stock worth $37,071,000 after acquiring an additional 437,500 shares during the last quarter. Soros Fund Management LLC lifted its stake in Viking by 15.4% in the 3rd quarter. Soros Fund Management LLC now owns 750,000 shares of the company’s stock valued at $26,168,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Viking by 64.5% in the 3rd quarter. Stifel Financial Corp now owns 12,428 shares of the company’s stock worth $434,000 after purchasing an additional 4,875 shares in the last quarter.

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.