Viking (NYSE:VIK) Price Target Raised to $77.00

Viking (NYSE:VIK) had its price target raised by research analysts at Wells Fargo & Company from $62.00 to $77.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 2.81% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Citigroup upped their target price on shares of Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Truist Financial increased their price objective on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Mizuho set a $59.00 target price on Viking in a report on Wednesday, November 19th. Bank of America lifted their target price on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Viking Stock Up 0.1%

NYSE VIK traded up $0.05 during mid-day trading on Thursday, hitting $79.23. The company’s stock had a trading volume of 772,733 shares, compared to its average volume of 2,334,446. The firm has a market capitalization of $35.11 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 0.67 and a beta of 2.07. The company’s 50 day simple moving average is $73.30 and its 200 day simple moving average is $66.02. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. Viking has a twelve month low of $31.79 and a twelve month high of $81.48.

Institutional Trading of Viking

A number of large investors have recently added to or reduced their stakes in VIK. Invesco Ltd. grew its position in shares of Viking by 4.1% during the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after acquiring an additional 570,672 shares during the period. Federated Hermes Inc. grew its holdings in Viking by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock valued at $614,960,000 after purchasing an additional 136,918 shares during the period. Massachusetts Financial Services Co. MA increased its position in Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after buying an additional 3,615,969 shares during the last quarter. Holocene Advisors LP increased its position in Viking by 57.9% in the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after buying an additional 2,092,729 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Viking in the fourth quarter valued at $372,297,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.