Stifel Nicolaus Issues Pessimistic Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price target decreased by Stifel Nicolaus from $52.00 to $50.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 15.69% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial increased their price target on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their price target on Viking from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley dropped their price target on Viking from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Loop Capital initiated coverage on Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price objective on Viking from $51.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.53.

Viking Trading Up 0.3%

VIK opened at $43.22 on Wednesday. Viking has a 1-year low of $28.67 and a 1-year high of $53.14. The stock’s fifty day simple moving average is $41.11 and its 200 day simple moving average is $44.54. The stock has a market cap of $18.65 billion and a PE ratio of 166.22.

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

Institutional Trading of Viking

Several large investors have recently modified their holdings of the stock. Zimmer Partners LP acquired a new stake in shares of Viking during the 1st quarter worth $3,975,000. Sciencast Management LP acquired a new stake in shares of Viking during the 1st quarter worth $291,000. Select Equity Group L.P. grew its holdings in shares of Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after purchasing an additional 1,376,899 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in shares of Viking during the 1st quarter worth $795,000. Finally, NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 690 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

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.