Viking (NYSE:VIK) Coverage Initiated at Susquehanna

Equities researchers at Susquehanna initiated coverage on shares of Viking (NYSE:VIK) in a report issued on Wednesday. The brokerage set a “positive” rating and a $100.00 price target on the stock. Susquehanna’s price objective points to a potential upside of 22.77% from the stock’s current price.

VIK has been the topic of several other research reports. Barclays cut their target price on Viking from $77.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Morgan Stanley boosted 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. Citigroup boosted their target price on Viking from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, April 13th. UBS Group boosted their target price on Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Finally, Wells Fargo & Company boosted their target price on Viking from $78.00 to $79.00 and gave the company a “cautious” rating in a research report on Wednesday, April 15th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.93.

Viking Stock Performance

NYSE:VIK opened at $81.45 on Wednesday. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. Viking has a 1 year low of $37.51 and a 1 year high of $87.00. The stock’s 50 day simple moving average is $75.18 and its two-hundred day simple moving average is $69.66. The company has a market cap of $36.30 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 1.58 and a beta of 1.90.

Viking (NYSE:VIK) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $1.72 billion for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. As a group, equities analysts anticipate that Viking will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling

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 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 legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Viking

Hedge funds have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new position in Viking in the 3rd quarter valued at $26,000. Activest Wealth Management grew its position 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 acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Viking in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC grew its position in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 365 shares during 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.