Barclays Forecasts Strong Price Appreciation for Viking (NYSE:VIK) Stock

Viking (NYSE:VIK) had its target price upped by research analysts at Barclays from $43.00 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 9.08% from the company’s previous close.

A number of other brokerages have also recently issued reports on VIK. Bank of America lifted their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped 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. JPMorgan Chase & Co. raised their price objective on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Stifel Nicolaus upped their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Viking Trading Up 1.2 %

VIK stock opened at $44.92 on Wednesday. The business’s 50 day moving average price is $38.55 and its two-hundred day moving average price is $34.69. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $46.25.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Equities research analysts anticipate that Viking will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Viking

A number of hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its position in Viking by 120.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 23,356 shares of the company’s stock valued at $815,000 after buying an additional 12,771 shares during the period. XTX Topco Ltd purchased a new position in shares of Viking during the 3rd quarter worth $1,344,000. Zimmer Partners LP grew its position in shares of Viking by 70.0% during the 3rd quarter. Zimmer Partners LP now owns 1,062,500 shares of the company’s stock valued at $37,071,000 after acquiring an additional 437,500 shares during the period. Soros Fund Management LLC grew its position in shares of Viking by 15.4% during the 3rd quarter. Soros Fund Management LLC now owns 750,000 shares of the company’s stock valued at $26,168,000 after acquiring an additional 100,000 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of 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.