Bank of America Boosts Viking (NYSE:VIK) Price Target to $40.00

Viking (NYSE:VIK) had its target price lifted by Bank of America from $35.00 to $40.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Morgan Stanley upped their target price on Viking from $31.00 to $33.00 and gave the company an equal weight rating in a report on Monday, June 3rd. UBS Group initiated coverage on Viking in a report on Tuesday, May 28th. They set a buy rating and a $35.00 target price for the company. HSBC initiated coverage on Viking in a report on Tuesday, June 25th. They set a buy rating and a $36.00 target price for the company. Wells Fargo & Company started coverage on Viking in a report on Tuesday, May 28th. They set an overweight rating and a $35.00 target price for the company. Finally, Redburn Atlantic started coverage on Viking in a report on Tuesday, May 28th. They issued a neutral rating and a $29.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Viking presently has a consensus rating of Moderate Buy and an average target price of $35.83.

Viking Stock Down 1.0 %

Shares of VIK stock opened at $34.18 on Tuesday. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $37.25. The company has a 50 day moving average of $32.34.

Viking (NYSE:VIK) last announced its earnings results on Wednesday, May 29th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.43. The business had revenue of $718.16 million for the quarter, compared to the consensus estimate of $705.70 million. On average, equities analysts predict that Viking will post 1.18 EPS for the current year.

Institutional Investors Weigh In On Viking

A number of institutional investors have recently modified their holdings of the stock. American National Bank purchased a new stake in shares of Viking in the second quarter worth $68,000. Cascade Investment Group Inc. purchased a new stake in shares of Viking in the second quarter worth $289,000. Bank of New York Mellon Corp purchased a new stake in shares of Viking in the second quarter worth $670,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Viking in the second quarter worth $1,004,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Viking in the second quarter worth $2,226,000.

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.