Viking (NYSE:VIK) Given New $51.00 Price Target at Bank of America

Viking (NYSE:VIK) had its target price upped by Bank of America from $40.00 to $51.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

VIK has been the topic of a number of other research reports. Barclays raised their price objective on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $37.00 to $49.00 in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Stifel Nicolaus increased their target price on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.58.

Viking Price Performance

Shares of NYSE:VIK opened at $45.57 on Wednesday. The stock has a 50 day moving average price of $37.25. Viking has a 52-week low of $25.71 and a 52-week high of $46.14.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Equities research analysts forecast that Viking will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Viking

Several large investors have recently added to or reduced their stakes in VIK. Canada Pension Plan Investment Board purchased a new position in Viking during the 2nd quarter worth $2,063,879,000. Select Equity Group L.P. purchased a new stake in Viking in the second quarter valued at about $145,989,000. Massachusetts Financial Services Co. MA acquired a new stake in Viking in the 2nd quarter worth approximately $73,247,000. Forest Avenue Capital Management LP purchased a new stake in shares of Viking during the second quarter valued at $58,008,000. Finally, FMR LLC grew its stake in Viking by 27.8% during the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during 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.