Viking (NYSE:VIK) Receives New Coverage from Analysts at HSBC

HSBC began coverage on shares of Viking (NYSE:VIK) in a report released on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $36.00 target price on the stock.

Other analysts also recently issued research reports about the company. Bank of America began coverage on Viking in a research note on Tuesday, May 28th. They issued a buy rating and a $35.00 target price on the stock. Melius Research started coverage on Viking in a research report on Wednesday, May 22nd. They issued a buy rating and a $37.00 price objective on the stock. Truist Financial assumed coverage on shares of Viking in a report on Friday, June 21st. They set a hold rating and a $38.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Viking in a report on Tuesday, May 28th. They set an overweight rating and a $34.00 price target on the stock. Finally, Melius initiated coverage on shares of Viking in a report on Wednesday, May 22nd. They issued a buy rating and a $37.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $35.09.

Viking Price Performance

VIK opened at $30.91 on Tuesday. Viking has a 12-month low of $25.71 and a 12-month high of $33.28.

Viking (NYSE:VIK) last issued its earnings results on Wednesday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.43. The business had revenue of $718.16 million for the quarter, compared to analysts’ expectations of $705.70 million. Analysts forecast that Viking will post 1.04 EPS for the current fiscal year.

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.