Truist Financial Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price objective raised by research analysts at Truist Financial from $49.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 25.14% from the stock’s previous close.

VIK has been the subject of a number of other reports. The Goldman Sachs Group assumed coverage on Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price for the company. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Citigroup started coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price on the stock. Loop Capital started coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Viking Stock Performance

VIK stock traded up $0.76 during mid-day trading on Friday, reaching $39.96. 557,118 shares of the company’s stock were exchanged, compared to its average volume of 2,355,172. The stock’s 50 day moving average is $47.55 and its 200 day moving average is $42.68. Viking has a 12-month low of $25.71 and a 12-month high of $53.14.

Viking (NYSE:VIK) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts expect that Viking will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

A number of institutional investors and hedge funds have recently modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Viking in the 4th quarter worth approximately $110,000. PharVision Advisers LLC acquired a new stake in shares of Viking in the 4th quarter worth approximately $281,000. Voloridge Investment Management LLC acquired a new stake in shares of Viking in the 4th quarter worth approximately $59,226,000. Squarepoint Ops LLC grew its holdings in shares of Viking by 8.5% in the 4th quarter. Squarepoint Ops LLC now owns 163,856 shares of the company’s stock worth $7,219,000 after acquiring an additional 12,856 shares during the period. Finally, Twinbeech Capital LP acquired a new stake in Viking during the 4th quarter valued at $363,000. Institutional investors and hedge funds 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.