Viking (NYSE:VIK) Price Target Raised to $69.00

Viking (NYSE:VIKFree Report) had its price objective lifted by Mizuho from $59.00 to $69.00 in a research report report published on Thursday,Benzinga reports. Mizuho currently has an underperform rating on the stock.

VIK has been the topic of a number of other reports. Bank of America increased their price target on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Stifel Nicolaus raised their target price on Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays upped their price target on shares of Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Morgan Stanley increased their price objective on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.40.

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Viking Price Performance

NYSE:VIK opened at $68.89 on Thursday. The firm has a market cap of $30.53 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.96. Viking has a 12 month low of $31.79 and a 12 month high of $81.48. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The company’s 50-day moving average price is $73.59 and its two-hundred day moving average price is $66.76.

Viking (NYSE:VIKGet Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.13. Viking had a net margin of 17.65% and a return on equity of 240.75%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that Viking will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Viking by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,766 shares during the last quarter. Amalgamated Bank acquired a new position in Viking during the second quarter worth $815,000. Bank of New York Mellon Corp grew its position in shares of Viking by 1,063.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock valued at $15,597,000 after acquiring an additional 267,521 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Viking by 20.1% during the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after buying an additional 332 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Key Viking News

Here are the key news stories impacting Viking this week:

Viking Company Profile

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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.

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Analyst Recommendations for Viking (NYSE:VIK)

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