Viking’s (VIK) “Outperform” Rating Reiterated at BNP Paribas Exane

BNP Paribas Exane reissued their outperform rating on shares of Viking (NYSE:VIK) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a $121.00 price target on the stock, up from their prior price target of $104.00.

Several other research firms have also weighed in on VIK. Loop Capital initiated coverage on shares of Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. Mizuho lifted their target price on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research report on Friday, May 15th. Barclays upped their price objective on shares of Viking from $88.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, The Goldman Sachs Group lifted their price target on shares of Viking from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.17.

Viking Trading Up 0.0%

Shares of VIK stock opened at $98.20 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The firm has a market capitalization of $43.76 billion, a P/E ratio of 36.50, a P/E/G ratio of 1.40 and a beta of 1.48. Viking has a twelve month low of $55.55 and a twelve month high of $105.76. The stock’s fifty day simple moving average is $93.22 and its 200 day simple moving average is $81.29.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm posted ($0.24) earnings per share. As a group, sell-side analysts predict that Viking will post 3.32 EPS for the current fiscal year.

Insider Buying and Selling at Viking

In related news, EVP Richard Marnell sold 6,120 shares of Viking stock in a transaction on Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the transaction, the executive vice president owned 110,930 shares in the company, valued at $10,460,699. This trade represents a 5.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Hedge Funds Weigh In On Viking

Several hedge funds have recently made changes to their positions in VIK. NewEdge Advisors LLC boosted its position in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares in the last quarter. Prudential Financial Inc. bought a new position in Viking during the 2nd quarter valued at approximately $303,000. Daiwa Securities Group Inc. bought a new position in shares of Viking during the second quarter valued at $922,000. State Street Corp raised its position in shares of Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC raised its position in shares of Viking by 275.0% in the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after purchasing an additional 22,188 shares during the last quarter. 98.84% of the stock is 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.