Viking (NYSE:VIK) Given New $43.00 Price Target at Barclays

Viking (NYSE:VIK) had its price objective lifted by Barclays from $39.00 to $43.00 in a research report sent to investors on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on VIK. Morgan Stanley boosted their price target on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. HSBC assumed coverage on Viking in a report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company increased their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Bank of America increased their price target on Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Viking Stock Down 0.1 %

Shares of NYSE VIK opened at $38.75 on Tuesday. The business’s 50 day simple moving average is $35.34. Viking has a 12 month low of $25.71 and a 12 month high of $39.70.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping 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 1.13 EPS for the current year.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently bought and sold shares of the stock. Empirical Asset Management LLC grew its holdings in shares of Viking by 6.0% during the third quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after buying an additional 550 shares during the last quarter. Fruth Investment Management lifted its holdings in shares of Viking by 1.4% in the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock valued at $2,505,000 after acquiring an additional 1,000 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in Viking during the second quarter valued at $35,000. Sunbelt Securities Inc. purchased a new stake in shares of Viking in the second quarter worth approximately $68,000. Finally, American National Bank bought a new stake in Viking during the 2nd quarter valued at about $68,000.

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.