HSBC Begins Coverage on Viking (NYSE:VIK)

HSBC started coverage on shares of Viking (NYSE:VIK) in a research note published on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $36.00 price objective on the stock.

Several other research firms have also issued reports on VIK. Redburn Atlantic assumed coverage on shares of Viking in a research report on Tuesday, May 28th. They issued a neutral rating and a $29.00 price target on the stock. UBS Group initiated coverage on shares of Viking in a research report on Tuesday, May 28th. They issued a buy rating and a $35.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Viking in a research note on Tuesday, May 28th. They issued an overweight rating and a $34.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Viking in a research note on Tuesday, May 28th. They issued an overweight rating and a $35.00 price objective for the company. Finally, Melius Research initiated coverage on shares of Viking in a research note on Wednesday, May 22nd. They issued a buy rating and a $37.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of Moderate Buy and an average target price of $35.09.

Viking Trading Up 3.9 %

Viking stock opened at $33.97 on Tuesday. Viking has a 1 year low of $25.71 and a 1 year high of $34.11. The business has a 50 day simple moving average of $30.28.

Viking (NYSE:VIK) last posted its quarterly earnings results on Wednesday, May 29th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.43. The business had revenue of $718.16 million during the quarter, compared to analyst estimates of $705.70 million. Sell-side analysts predict that Viking will post 1.12 earnings per share for the current year.

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.