Viking’s (VIK) “Equal Weight” Rating Reaffirmed at Barclays

Barclays reiterated their equal weight rating on shares of Viking (NYSE:VIK) in a research note issued to investors on Friday, Marketbeat.com reports. Barclays currently has a $49.00 price target on the stock.

VIK has been the subject of several other research reports. Stifel Nicolaus raised their price target on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Bank of America increased their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial boosted their price target on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company upped their target price 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.92.

Viking Price Performance

VIK opened at $45.49 on Friday. The firm has a 50-day simple moving average of $42.51 and a two-hundred day simple moving average of $36.67. Viking has a 52 week low of $25.71 and a 52 week high of $47.62.

Institutional Trading of Viking

Institutional investors have recently added to or reduced their stakes in the company. Empirical Asset Management LLC raised its holdings in shares of Viking by 6.0% in 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 period. Avior Wealth Management LLC purchased a new stake in Viking in the third quarter worth $27,000. Fruth Investment Management lifted 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 worth $2,505,000 after purchasing an additional 1,000 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Viking during the second quarter valued at $35,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Viking during the second quarter valued at $68,000. Institutional investors own 98.84% of the company’s stock.

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.