Viking (NYSE:VIK) Now Covered by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group began coverage on shares of Viking (NYSE:VIK) in a research note issued on Monday, MarketBeat Ratings reports. The firm set a “hold” rating and a $45.00 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 11.10% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. UBS Group boosted their target price on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Citigroup assumed coverage on Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price on the stock. Morgan Stanley lowered their price target on shares of Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Finally, Barclays set a $46.00 price target on shares of Viking and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.29.

Viking Price Performance

Shares of VIK opened at $40.50 on Monday. Viking has a 1 year low of $25.71 and a 1 year high of $53.14. The stock has a 50 day simple moving average of $46.53 and a two-hundred day simple moving average of $43.49. The firm has a market cap of $17.48 billion and a P/E ratio of 155.78.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts anticipate that Viking will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new position in Viking in the third quarter worth $1,269,000. Blue Chip Partners LLC bought a new position in shares of Viking in the 4th quarter worth about $279,000. Renaissance Capital LLC lifted its position in Viking by 8.5% during the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after acquiring an additional 9,527 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Viking during the fourth quarter worth about $339,000. Finally, Franklin Resources Inc. grew its holdings in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after purchasing an additional 836,353 shares during the period. Hedge funds and other 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.