Truist Financial Increases Viking (NYSE:VIK) Price Target to $49.00

Viking (NYSE:VIK) had its price objective boosted by equities research analysts at Truist Financial from $38.00 to $49.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 4.84% from the company’s previous close.

Several other analysts have also commented on the company. Bank of America lifted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company raised their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Stifel Nicolaus increased their target price on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Barclays raised their target price on Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.92.

Viking Stock Up 0.6 %

Shares of NYSE:VIK traded up $0.29 during trading on Monday, hitting $46.74. The stock had a trading volume of 445,010 shares, compared to its average volume of 1,938,153. Viking has a 12 month low of $25.71 and a 12 month high of $47.62. The firm’s fifty day moving average is $40.35 and its 200 day moving average is $35.60.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently modified their holdings of the business. Empirical Asset Management LLC lifted its stake in shares of Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after purchasing an additional 550 shares during the last quarter. Avior Wealth Management LLC purchased a new position in Viking in the 3rd quarter valued at approximately $27,000. Fruth Investment Management increased its position in shares of Viking by 1.4% during the third quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock worth $2,505,000 after acquiring an additional 1,000 shares during the period. Valley Wealth Managers Inc. acquired a new stake in shares of Viking in the second quarter valued at $35,000. Finally, Sunbelt Securities Inc. purchased a new position in Viking in the second quarter valued at $68,000.

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.