UBS Group Raises Viking (NYSE:VIK) Price Target to $69.00

Viking (NYSE:VIK) had its price objective lifted by equities research analysts at UBS Group from $55.00 to $69.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 18.69% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Morgan Stanley increased their price objective on Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup upped their price target on shares of Viking from $57.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Truist Financial raised their price target on shares of Viking from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, July 21st. The Goldman Sachs Group cut their price objective on shares of Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Finally, Northcoast Research initiated coverage on shares of Viking in a report on Friday, April 25th. They set a “buy” rating and a $51.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Viking Trading Down 0.7%

Shares of VIK stock opened at $58.1360 on Wednesday. Viking has a 12-month low of $30.75 and a 12-month high of $60.97. The company has a market capitalization of $25.76 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 0.68 and a beta of 2.40. The firm has a 50 day moving average price of $55.82 and a two-hundred day moving average price of $48.12. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK) last announced its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.Viking’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. As a group, analysts predict that Viking will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Several hedge funds and other institutional investors have recently made changes to their positions in VIK. Pittenger & Anderson Inc. acquired a new stake in shares of Viking during the 2nd quarter worth approximately $27,000. Private Trust Co. NA bought a new stake in Viking during the second quarter worth $29,000. Costello Asset Management INC acquired a new stake in shares of Viking in the 1st quarter valued at $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Viking in the 2nd quarter valued at $53,000. Finally, Harbour Investments Inc. raised its holdings in shares of 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 buying an additional 346 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.