Bank of America Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its target price hoisted by equities researchers at Bank of America from $40.00 to $51.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 11.40% from the stock’s current price.

VIK has been the subject of a number of other reports. Barclays lifted their price target on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $49.00 in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price target on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.58.

Viking Trading Down 0.2 %

Shares of NYSE:VIK traded down $0.07 on Wednesday, hitting $45.78. The company had a trading volume of 224,254 shares, compared to its average volume of 1,856,435. The stock’s 50-day moving average is $37.00. Viking has a 1 year low of $25.71 and a 1 year high of $46.14.

Viking (NYSE:VIK) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Equities analysts forecast that Viking will post 1.13 EPS for the current fiscal year.

Institutional Trading of Viking

Large investors have recently made changes to their positions in the stock. Avior Wealth Management LLC bought a new stake in shares of Viking in the third quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Viking in the second quarter worth approximately $35,000. Sunbelt Securities Inc. bought a new stake in shares of Viking in the second quarter worth approximately $68,000. American National Bank bought a new stake in shares of Viking in the second quarter worth approximately $68,000. Finally, SG Americas Securities LLC bought a new stake in Viking during the third quarter valued at approximately $181,000.

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.