Viking (NYSE:VIK) Now Covered by Analysts at Citigroup

Citigroup assumed coverage on shares of Viking (NYSE:VIK) in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $54.00 target price on the stock.

Several other analysts have also commented on VIK. Truist Financial raised their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Wells Fargo & Company increased their price objective on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus boosted their target price on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. increased 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.85.

Viking Price Performance

Shares of Viking stock opened at $43.69 on Thursday. The company’s fifty day simple moving average is $42.99 and its two-hundred day simple moving average is $37.02. Viking has a 12-month low of $25.71 and a 12-month high of $47.62.

Institutional Investors Weigh In On Viking

A number of institutional investors have recently made changes to their positions in VIK. Avior Wealth Management LLC purchased a new position in Viking in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Viking in the second quarter worth $35,000. Sunbelt Securities Inc. bought a new position in shares of Viking during the second quarter valued at $68,000. SG Americas Securities LLC bought a new position in shares of Viking during the third quarter valued at $181,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Viking during the third quarter valued at $187,000. 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.