JPMorgan Chase & Co. Raises Viking (NYSE:VIK) Price Target to $61.00

Viking (NYSE:VIK) had its target price upped by investment analysts at JPMorgan Chase & Co. from $58.00 to $61.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 41.14% from the company’s previous close.

VIK has been the topic of a number of other reports. Barclays cut their price target on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Loop Capital assumed coverage on Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Jefferies Financial Group assumed coverage on Viking in a report on Monday, March 31st. They issued a “hold” rating and a $45.00 price target on the stock. The Goldman Sachs Group cut their price target on Viking from $51.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.53.

Viking Trading Up 0.3%

Shares of NYSE:VIK opened at $43.22 on Wednesday. Viking has a 12-month low of $28.67 and a 12-month high of $53.14. The business’s fifty day simple moving average is $41.11 and its 200-day simple moving average is $44.54. The company has a market capitalization of $18.65 billion and a PE ratio of 166.22.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million during the quarter, compared to analysts’ expectations of $841.18 million. During the same quarter in the prior year, the business posted ($1.21) earnings per share. The company’s revenue was up 24.9% compared to the same quarter last year. Research analysts predict that Viking will post 1.49 EPS for the current year.

Institutional Trading of Viking

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in Viking during the 1st quarter worth about $33,000. Avior Wealth Management LLC lifted its position in Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after acquiring an additional 285 shares during the period. Harbour Investments Inc. lifted its position in Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after acquiring an additional 346 shares during the period. NewEdge Advisors LLC lifted its position in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares during the period. Finally, Quarry LP acquired a new stake in Viking during the 4th quarter worth about $66,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.