Viking (NYSE:VIK) Price Target Raised to $49.00 at Barclays

Viking (NYSE:VIK) had its price objective boosted by investment analysts at Barclays from $43.00 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 8.72% from the company’s current price.

A number of other equities research analysts also recently commented on VIK. Bank of America lifted their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Stifel Nicolaus raised their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of 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 report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Viking Stock Performance

NYSE:VIK opened at $45.07 on Wednesday. The company’s 50-day moving average is $38.29 and its two-hundred day moving average is $34.62. Viking has a 12-month low of $25.71 and a 12-month high of $46.25.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Analysts forecast that Viking will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently modified their holdings of the stock. 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 stake in Viking during the 2nd quarter worth $35,000. American National Bank acquired a new position in Viking in the 2nd quarter worth $68,000. Sunbelt Securities Inc. purchased a new position in Viking in the 2nd quarter valued at about $68,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Viking during the third quarter worth about $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.