Viking (NYSE:VIK) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Viking (NYSE:VIK) had its target price upped by Morgan Stanley from $62.00 to $66.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 13.53% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Citigroup upped their target price on shares of Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Bank of America upped their price target on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Stifel Nicolaus upped their price target on shares of Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Viking from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Viking from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

Viking Stock Down 0.7%

Shares of NYSE:VIK opened at $58.1360 on Wednesday. Viking has a 52-week low of $30.75 and a 52-week high of $60.97. The firm has a fifty day moving average of $55.82 and a 200 day moving average of $48.12. The firm 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 company has a debt-to-equity ratio of 19.33, a quick ratio of 0.61 and a current ratio of 0.64.

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

Hedge Funds Weigh In On Viking

A number of institutional investors have recently bought and sold shares of the stock. Select Equity Group L.P. raised its stake in Viking by 8.0% in the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after buying an additional 1,376,899 shares in the last quarter. Invesco Ltd. raised its stake in Viking by 400.3% in the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after buying an additional 8,462,947 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Viking by 6.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock worth $350,922,000 after buying an additional 528,843 shares in the last quarter. Holocene Advisors LP raised its stake in Viking by 57.9% in the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after buying an additional 2,092,729 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Viking by 69.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock worth $239,902,000 after buying an additional 1,843,533 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

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.