Stifel Nicolaus Reiterates “$50.00” Price Target for Viking (NYSE:VIK)

Viking (NYSE:VIK) has been given a $50.00 target price by investment analysts at Stifel Nicolaus in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 14.18% from the stock’s current price.

Several other research analysts have also recently weighed in on VIK. UBS Group increased their price target on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Barclays lowered their price target on shares of Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Redburn Atlantic raised shares of Viking to a “hold” rating in a report on Tuesday, April 1st. Loop Capital initiated coverage on shares of Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Northcoast Research started coverage on shares of Viking in a report on Friday, April 25th. They issued a “buy” rating and a $51.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.53.

Viking Stock Performance

Shares of NYSE:VIK opened at $43.79 on Wednesday. Viking has a 52-week low of $28.89 and a 52-week high of $53.14. The company has a market capitalization of $18.89 billion and a P/E ratio of 35.60. The company has a 50-day simple moving average of $41.21 and a 200 day simple moving average of $44.57.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. The company had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.21) earnings per share. As a group, equities analysts forecast that Viking will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Hedge funds have recently modified their holdings of the business. Costello Asset Management INC acquired a new position in shares of Viking during the first quarter worth $33,000. Avior Wealth Management LLC lifted its holdings in shares of Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after purchasing an additional 346 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares during the period. Finally, Quarry LP acquired a new position in shares of Viking during the fourth quarter worth $66,000. 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.