Viking (NYSE:VIK) Coverage Initiated by Analysts at Citigroup

Citigroup began coverage on shares of Viking (NYSE:VIK) in a research note issued to investors on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $54.00 price target on the stock. Citigroup’s price target suggests a potential upside of 24.48% from the company’s previous close.

VIK has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Barclays reissued an “equal weight” rating and issued a $49.00 price target on shares of Viking in a report on Friday, December 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Truist Financial lifted their target price on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, Wells Fargo & Company increased their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.85.

Viking Stock Performance

NYSE:VIK opened at $43.38 on Thursday. Viking has a 12-month low of $25.71 and a 12-month high of $47.62. The stock’s fifty day simple moving average is $42.88 and its 200-day simple moving average is $36.97.

Institutional Investors Weigh In On Viking

Hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after purchasing an additional 836,353 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Viking in the 3rd quarter valued at about $187,000. Y Intercept Hong Kong Ltd lifted its position in Viking by 120.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 23,356 shares of the company’s stock worth $815,000 after acquiring an additional 12,771 shares during the last quarter. XTX Topco Ltd acquired a new stake in Viking during the third quarter worth approximately $1,344,000. Finally, Zimmer Partners LP boosted its holdings in shares of Viking by 70.0% during the third quarter. Zimmer Partners LP now owns 1,062,500 shares of the company’s stock worth $37,071,000 after acquiring an additional 437,500 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.