Viking (NYSE:VIK) Price Target Raised to $43.00 at Barclays

Viking (NYSE:VIK) had its price objective upped by investment analysts at Barclays from $39.00 to $43.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 8.59% from the stock’s previous close.

VIK has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Bank of America boosted their price objective on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. HSBC initiated coverage on Viking in a research note on Tuesday, June 25th. They set a “buy” rating and a $36.00 target price for the company. Morgan Stanley upped their price objective on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Viking Stock Performance

Shares of NYSE:VIK traded up $1.05 on Tuesday, hitting $39.60. 1,203,145 shares of the company’s stock were exchanged, compared to its average volume of 1,869,449. Viking has a 1-year low of $25.71 and a 1-year high of $39.70. The stock’s 50-day moving average is $34.99.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 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. On average, equities research analysts predict that Viking will post 1.13 EPS for the current year.

Institutional Trading of Viking

Institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in shares of Viking in the second quarter valued at $2,063,879,000. Select Equity Group L.P. purchased a new stake in Viking in the 2nd quarter worth approximately $145,989,000. Massachusetts Financial Services Co. MA acquired a new position in Viking in the 2nd quarter valued at $73,247,000. Forest Avenue Capital Management LP acquired a new stake in shares of Viking during the second quarter worth $58,008,000. Finally, Millennium Management LLC acquired a new stake in shares of Viking during the second quarter worth $42,008,000.

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.