Viking (NYSE:VIK) Price Target Raised to $74.00

by · The Cerbat Gem

Viking (NYSE:VIK – Free Report) had its price target raised by JPMorgan Chase & Co. from $73.00 to $74.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Wells Fargo & Company boosted their target price on Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Morgan Stanley upped their price target on Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. UBS Group boosted their price objective on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Barclays upped their target price on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.69.

View Our Latest Research Report on VIK

Viking Stock Up 1.4%

Shares of NYSE:VIK opened at $68.74 on Monday. The firm has a market capitalization of $30.46 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 0.78 and a beta of 2.12. Viking has a 1 year low of $31.79 and a 1 year high of $69.42. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The firm’s 50-day moving average is $61.75 and its two-hundred day moving average is $58.27.

Viking (NYSE:VIK – Get Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. Analysts predict that Viking will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new stake in Viking during the third quarter worth approximately $26,000. Pittenger & Anderson Inc. acquired a new stake in Viking during the 2nd quarter worth $27,000. Private Trust Co. NA acquired a new stake in Viking during the 2nd quarter worth $29,000. CI Investments Inc. lifted its position in Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Viking by 342.0% in the third quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $41,000 after acquiring an additional 513 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

About Viking

(Get Free Report)

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.

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