Viking (NYSE:VIK) Given New $50.00 Price Target at Stifel Nicolaus

Viking (NYSE:VIK) had its price objective raised by Stifel Nicolaus from $39.00 to $50.00 in a research report sent to investors on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also issued reports on VIK. Bank of America lifted their target price on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price target on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their target price on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. 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, Viking presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Viking Trading Up 1.2 %

Shares of VIK opened at $44.92 on Monday. Viking has a 52 week low of $25.71 and a 52 week high of $46.25. The stock has a 50 day moving average of $38.55 and a 200-day moving average of $34.69.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. Analysts expect that Viking will post 1.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VIK. Avior Wealth Management LLC acquired a new position in Viking during the 3rd quarter valued at $27,000. Valley Wealth Managers Inc. bought a new position in Viking during the second quarter valued at about $35,000. Sunbelt Securities Inc. acquired a new position in Viking in the 2nd quarter valued at approximately $68,000. American National Bank bought a new stake in shares of Viking in the 2nd quarter worth approximately $68,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Viking during the 3rd quarter worth approximately $181,000.

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.