Truist Financial Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price objective raised by Truist Financial from $61.00 to $75.00 in a research note published on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other equities analysts have also commented on VIK. Barclays raised their price objective on Viking from $63.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. UBS Group increased their price target on shares of Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. The Goldman Sachs Group raised shares of Viking from a “neutral” rating to a “buy” rating and lifted their price target for the company from $66.00 to $78.00 in a research report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Finally, Morgan Stanley upped 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, March 4th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.33.

Viking Stock Up 1.0%

VIK stock opened at $72.56 on Tuesday. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $81.48. The company has a market capitalization of $32.34 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.96. The business’s 50 day moving average price is $73.25 and its two-hundred day moving average price is $67.58. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79.

Viking (NYSE:VIK) last released its earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. As a group, analysts forecast that Viking will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

Several large investors have recently modified their holdings of the stock. Activest Wealth Management grew its position in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in Viking in the fourth quarter worth about $28,000. Cornerstone Planning Group LLC lifted its stake in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after buying an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking during the third quarter valued at approximately $26,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking News Summary

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking announced expanded India river operations — new sailing dates through 2029 and construction of a second India-dedicated river vessel (the Viking Ganges) to join the Viking Brahmaputra, supporting longer‑term revenue visibility from an emerging itinerary. Viking Announces New Sailing Dates for India River Voyages Through 2029
• Positive Sentiment: Truist raised its price target on VIK from $61 to $75 (maintaining a “hold”), a mild analyst-implied upgrade to fair value that can support sentiment and buying interest. Benzinga
• Neutral Sentiment: Industry/valuation pieces are comparing Viking to peers (e.g., Expedia) and explaining the stock move; these provide context but are not new company-level catalysts. EXPE vs. VIK: Which Stock Is the Better Value Option?
• Negative Sentiment: Short interest jumped ~27.8% in March to 6,377,773 shares (~1.4% of shares outstanding) with a short‑interest ratio of ~1.8 days — an increase that signals growing bearish positioning and could pressure the stock if negative news appears or create volatility on reversals. (Internal market data)

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.