Viking (NYSE:VIK) Shares Gap Down – Should You Sell?

Viking Holdings Ltd (NYSE:VIK) gapped down before the market opened on Tuesday . The stock had previously closed at $45.39, but opened at $43.53. Viking shares last traded at $43.57, with a volume of 920,223 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target 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 Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Barclays upped their price target on shares of Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Viking has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Viking Stock Down 1.5 %

The firm’s 50 day simple moving average is $38.55 and its 200 day simple moving average is $34.69.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Equities research analysts forecast that Viking Holdings Ltd will post 1.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC acquired a new position in shares of Viking in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Viking in the second quarter worth $35,000. Sunbelt Securities Inc. acquired a new position in Viking in the 2nd quarter worth about $68,000. American National Bank bought a new position in Viking during the second quarter valued at approximately $68,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Viking in the 3rd 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.