Viking (NYSE:VIK) Price Target Raised to $104.00 at JPMorgan Chase & Co.

Viking (NYSE:VIK) had its price target boosted by JPMorgan Chase & Co. from $87.00 to $104.00 in a research note published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Barclays dropped their price target on shares of Viking from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Susquehanna assumed coverage on Viking in a report on Wednesday, April 22nd. They set a “positive” rating and a $100.00 price target for the company. Citigroup upped their price target on Viking from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Stifel Nicolaus raised their price objective on Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Bank of America lifted their price objective on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Viking has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Viking Stock Down 1.2%

VIK stock opened at $80.87 on Monday. The company has a market cap of $36.04 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.51 and a beta of 1.90. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The business’s 50-day moving average is $75.61 and its two-hundred day moving average is $70.26. Viking has a fifty-two week low of $38.50 and a fifty-two week high of $87.00.

Viking (NYSE:VIK) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.72 billion during the quarter. As a group, analysts forecast that Viking will post 3.31 earnings per share for the current year.

Insiders Place Their Bets

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Viking

Large investors have recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of Viking by 4.1% during the fourth quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after purchasing an additional 570,672 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Viking by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock worth $614,960,000 after purchasing an additional 136,918 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after purchasing an additional 3,615,969 shares during the period. Norges Bank bought a new position in Viking in the 4th quarter worth approximately $372,297,000. Finally, AQR Capital Management LLC grew its holdings in Viking by 316.8% during the 4th 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 in the last quarter. 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.