Viking (NYSE:VIK) Price Target Raised to $104.00

Viking (NYSE:VIK) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $87.00 to $104.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 28.74% from the company’s current price.

VIK has been the topic of a number of other research reports. Morgan Stanley lifted their target price on Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Susquehanna began coverage on Viking in a research report on Wednesday, April 22nd. They set a “positive” rating and a $100.00 price target on the stock. Citigroup increased their price objective on Viking from $88.00 to $90.00 and gave the company a “buy” rating in a report on Monday, April 13th. Barclays decreased their target price on shares of Viking from $77.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Viking Stock Down 1.3%

NYSE VIK traded down $1.04 on Monday, reaching $80.78. The company had a trading volume of 1,214,776 shares, compared to its average volume of 2,686,876. The firm has a market capitalization of $36.00 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.51 and a beta of 1.90. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. Viking has a 1-year low of $38.50 and a 1-year high of $87.00. The company’s fifty day moving average is $75.49 and its 200-day moving average is $70.11.

Viking (NYSE:VIK) last announced its earnings results on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. The firm had revenue of $1.72 billion during the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. On average, research analysts forecast that Viking will post 3.31 earnings per share for the current fiscal year.

Insider Transactions at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Viking

Institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new position in Viking during the third quarter worth about $26,000. Activest Wealth Management boosted its holdings in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new position in shares of Viking during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC increased 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. raised its position in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

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.