Viking (NYSE:VIK – Get Free Report) had its price objective dropped by Wells Fargo & Company from $82.00 to $78.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 14.85% from the stock’s previous close.
VIK has been the subject of several other research reports. Wall Street Zen raised shares of Viking from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Stifel Nicolaus raised their price target on Viking from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Mizuho boosted their price objective on Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, March 5th. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. Finally, Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and increased their target price for the stock from $60.00 to $80.00 in a research report on Monday, December 15th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.40.
Check Out Our Latest Stock Report on Viking
Viking Price Performance
Viking (NYSE:VIK – Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. Viking had a net margin of 17.65% and a return on equity of 240.75%. The company’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, research analysts anticipate that Viking will post 1.49 earnings per share for the current year.
Institutional Trading of Viking
Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of Viking by 400.3% during the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after purchasing an additional 8,462,947 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after purchasing an additional 6,715,666 shares during the last quarter. Norges Bank purchased a new stake in shares of Viking in the fourth quarter worth about $372,297,000. Massachusetts Financial Services Co. MA lifted its position in shares of Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after buying an additional 3,615,969 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after buying an additional 3,364,265 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Key Viking News
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Viking announced the float-out of the Viking Libra, a 54,300‑ton, hydrogen-capable cruise ship designed to operate with zero operational emissions; delivery is scheduled for November 2026 and the ship will serve Mediterranean and Northern Europe itineraries — a clear ESG and product-differentiation positive that could support long-term revenue and pricing power. Viking Announces Float-Out of the World’s First Hydrogen-Powered Cruise Ship
- Neutral Sentiment: Some analysts (e.g., Morgan Stanley per media coverage) view Viking as undervalued amid oil-price volatility — this suggests upside if fuel / macro conditions stabilize, but it’s a conditional/market-dependent thesis rather than an immediate catalyst. Amid oil price panic, Carnival and Viking are called undervalued by Morgan Stanley
- Neutral Sentiment: Local / brand engagement items (e.g., fan events and festival coverage) increase consumer visibility but are unlikely to move near‑term earnings or the share price materially. Viking enthusiasts to invade Fouke, Arkansas, for Spring Awakening Festival
- Negative Sentiment: Wells Fargo trimmed its price target from $82 to $78 and kept an “equal weight” rating — a modest analyst headwind that can pressure sentiment; coupled with Viking’s high leverage (debt/equity ~4.76) and low liquidity ratios (current ratio ~0.79, quick ratio ~0.77), investors may be wary of capital structure risks and shorter-term volatility. Wells Fargo lowers price target on Viking
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.
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