Viking (NYSE:VIK) Now Covered by Susquehanna

Susquehanna assumed coverage on shares of Viking (NYSE:VIK) in a report published on Wednesday, MarketBeat Ratings reports. The brokerage issued a positive rating and a $100.00 price objective on the stock.

A number of other equities analysts have also weighed in on VIK. Morgan Stanley upped their price objective on Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Citigroup upped their price objective on Viking from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Truist Financial upped their price objective on Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, March 24th. Finally, Wall Street Zen raised Viking from a “hold” rating to a “buy” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.93.

Viking Stock Performance

NYSE VIK opened at $80.02 on Wednesday. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.90. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The business has a 50-day moving average price of $75.25 and a 200-day moving average price of $69.73. Viking has a twelve month low of $38.50 and a twelve month high of $87.00.

Viking (NYSE:VIK) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. The firm had revenue of $1.72 billion during the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. As a group, equities research analysts predict that Viking will post 3.32 EPS for the current fiscal year.

Insider Activity at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Viking

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new stake in Viking during the third quarter valued at approximately $26,000. Activest Wealth Management raised its position in Viking by 19,500.0% during the fourth 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 period. Bank of Jackson Hole Trust purchased a new stake in Viking during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC raised its position in Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.