Viking (NYSE:VIK) Given New $50.00 Price Target at Stifel Nicolaus

Viking (NYSE:VIK) had its target price lifted by Stifel Nicolaus from $39.00 to $50.00 in a research note published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on VIK. Bank of America raised their price objective on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays lifted their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Wells Fargo & Company boosted their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. increased 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and an average target price of $40.50.

Viking Stock Performance

VIK stock opened at $45.39 on Monday. The business has a fifty day moving average of $38.02 and a 200-day moving average of $34.51. Viking has a twelve month low of $25.71 and a twelve month high of $46.25.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, research analysts expect that Viking will post 1.12 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in Viking during the 2nd quarter worth about $2,063,879,000. FMR LLC boosted its position in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after buying an additional 1,518,773 shares during the period. Select Equity Group L.P. bought a new position in shares of Viking during the second quarter worth about $145,989,000. Massachusetts Financial Services Co. MA raised its position in Viking by 36.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares during the last quarter. Finally, D1 Capital Partners L.P. lifted its stake in Viking by 192.9% in the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after acquiring an additional 1,703,301 shares in the last quarter.

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.