Viking (NYSE:VIK) Price Target Raised to $77.00

Viking (NYSE:VIK) had its target price lifted by Wells Fargo & Company from $62.00 to $77.00 in a report published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other analysts also recently issued reports about the stock. Truist Financial lifted their price objective on shares of Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Mizuho set a $59.00 price target on Viking in a research report on Wednesday, November 19th. Bank of America upped their price objective on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 12th. UBS Group increased their price objective on Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Citigroup boosted their target price on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Viking Stock Down 2.2%

VIK stock opened at $77.92 on Thursday. The company’s 50 day moving average is $73.58 and its 200 day moving average is $66.30. The stock has a market cap of $34.53 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 0.68 and a beta of 2.07. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. Viking has a 1-year low of $31.79 and a 1-year high of $81.48.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in Viking during the 3rd quarter valued at $26,000. Activest Wealth Management raised its stake in shares of 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 acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Viking during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC boosted its holdings in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. grew 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 purchasing an additional 365 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.