Morgan Stanley Raises Viking (NYSE:VIK) Price Target to $35.00

Viking (NYSE:VIK) had its price target boosted by Morgan Stanley from $33.00 to $35.00 in a research report report published on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.

VIK has been the subject of several other research reports. Redburn Atlantic began coverage on Viking in a research report on Tuesday, May 28th. They set a neutral rating and a $29.00 price target for the company. Bank of America boosted their target price on shares of Viking from $35.00 to $40.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. Wells Fargo & Company assumed coverage on shares of Viking in a research note on Tuesday, May 28th. They set an overweight rating and a $35.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Viking in a research report on Tuesday, May 28th. They issued a buy rating and a $37.00 price objective for the company. Finally, Barclays initiated coverage on shares of Viking in a research note on Tuesday, July 2nd. They set an overweight rating and a $39.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $36.83.

Viking Price Performance

NYSE:VIK opened at $35.63 on Tuesday. Viking has a 52-week low of $25.71 and a 52-week high of $37.25. The stock’s fifty day moving average price is $34.03.

Viking (NYSE:VIK) last announced its earnings results on Wednesday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.43. The business had revenue of $718.16 million for the quarter, compared to analyst estimates of $705.70 million. On average, analysts expect that Viking will post 1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Valley Wealth Managers Inc. acquired a new stake in shares of Viking in the second quarter worth $35,000. American National Bank acquired a new stake in Viking in the 2nd quarter valued at $68,000. Sunbelt Securities Inc. purchased a new position in Viking in the second quarter valued at about $68,000. Scientech Research LLC acquired a new position in shares of Viking during the second quarter worth about $200,000. Finally, O Neil Global Advisors Inc. purchased a new stake in shares of Viking in the second quarter worth about $202,000.

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.