The Goldman Sachs Group Forecasts Strong Price Appreciation for Viking (NYSE:VIK) Stock

Viking (NYSE:VIK) had its price target increased by The Goldman Sachs Group from $64.00 to $66.00 in a report issued on Thursday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 3.45% from the stock’s current price.

Several other equities analysts have also recently issued reports on VIK. Bank of America boosted 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. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Viking in a research note on Thursday, November 13th. Truist Financial upped their price target on Viking from $55.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, September 19th. Finally, UBS Group reissued a “buy” rating and set a $69.00 price objective on shares of Viking in a research report on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.38.

Viking Price Performance

Shares of Viking stock opened at $63.80 on Thursday. The business has a 50 day moving average of $60.32 and a 200 day moving average of $56.18. Viking has a 52 week low of $31.79 and a 52 week high of $65.37. The company has a market cap of $28.27 billion, a PE ratio of 29.81, a P/E/G ratio of 0.72 and a beta of 2.20. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 5.68.

Viking (NYSE:VIK) last released its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities research analysts forecast that Viking will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VIK. Envestnet Asset Management Inc. bought a new stake in Viking in the first quarter worth $1,090,000. Cerity Partners LLC boosted its stake in Viking by 1.7% in the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company’s stock worth $759,000 after purchasing an additional 324 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Viking by 361.0% in the 1st quarter. Victory Capital Management Inc. now owns 151,004 shares of the company’s stock worth $6,002,000 after purchasing an additional 118,245 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Viking by 65.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 46,272 shares of the company’s stock valued at $1,839,000 after purchasing an additional 18,321 shares during the last quarter. Finally, Carnegie Investment Counsel increased its stake in Viking by 12.8% during the 1st quarter. Carnegie Investment Counsel now owns 37,455 shares of the company’s stock valued at $1,489,000 after purchasing an additional 4,250 shares in the last quarter. Hedge funds and other institutional investors 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.