Viking (NYSE:VIK) Shares Gap Up – Here’s What Happened

Viking Holdings Ltd (NYSE:VIK)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $44.44, but opened at $45.55. Viking shares last traded at $45.30, with a volume of 334,409 shares trading hands.

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of research reports. Barclays lifted their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $37.00 to $49.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.58.

Viking Trading Down 0.6 %

The firm has a 50 day moving average of $37.25.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, equities analysts expect that Viking Holdings Ltd will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Several hedge funds and other institutional investors have recently modified their holdings of VIK. Avior Wealth Management LLC purchased a new position in shares of Viking in the third quarter worth $27,000. Valley Wealth Managers Inc. purchased a new position in Viking during the 2nd quarter worth approximately $35,000. American National Bank acquired a new stake in Viking during the 2nd quarter valued at approximately $68,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking in the second quarter worth $68,000. Finally, SG Americas Securities LLC purchased a new stake in Viking in the third quarter valued at $181,000.

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.