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

Viking (NYSE:VIK) had its price objective upped by research analysts at Stifel Nicolaus from $39.00 to $50.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 10.94% from the company’s current price.

Several other brokerages also recently commented on VIK. Wells Fargo & Company upped their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Bank of America increased their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Barclays increased their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upped their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

Viking Stock Performance

Shares of NYSE VIK opened at $45.07 on Monday. The stock’s fifty day simple moving average is $38.29 and its 200 day simple moving average is $34.62. Viking has a 52-week low of $25.71 and a 52-week high of $46.25.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. Analysts predict that Viking will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC bought a new position in Viking during the second quarter valued at about $2,226,000. U S Global Investors Inc. bought a new position in shares of Viking in the 3rd quarter valued at approximately $1,169,000. International Assets Investment Management LLC acquired a new stake in Viking in the 3rd quarter worth approximately $2,222,000. Forest Avenue Capital Management LP bought a new stake in Viking during the second quarter worth approximately $58,008,000. Finally, Canada Pension Plan Investment Board acquired a new position in Viking during the second quarter valued at approximately $2,063,879,000.

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.