Barclays Reaffirms Equal Weight Rating for Viking (NYSE:VIK)

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

VIK has been the subject of several other research reports. Truist Financial increased their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Bank of America lifted their target price on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Stifel Nicolaus lifted their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.92.

Viking Trading Down 1.5 %

NYSE VIK opened at $45.49 on Friday. The stock has a fifty day simple moving average of $42.51 and a 200-day simple moving average of $36.76. Viking has a twelve month low of $25.71 and a twelve month high of $47.62.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC purchased a new stake in shares of Viking during the third quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new position in Viking during the 2nd quarter worth approximately $35,000. Sunbelt Securities Inc. purchased a new stake in shares of Viking in the 2nd quarter valued at approximately $68,000. American National Bank acquired a new stake in shares of Viking in the 2nd quarter valued at $68,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Viking during the 3rd quarter worth $181,000. Institutional investors and hedge funds 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.