Viking (NYSE:VIK) Shares Gap Up – Should You Buy?

Viking Holdings Ltd (NYSE:VIK)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $44.44, but opened at $45.55. Viking shares last traded at $45.30, with a volume of 334,409 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VIK shares. Barclays lifted their target price on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Bank of America lifted their price objective on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $49.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

Viking Trading Up 2.5 %

The business has a fifty day simple moving average of $36.74.

Viking (NYSE:VIK) last announced its quarterly 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 analysts’ expectations of $1.61 billion. As a group, analysts anticipate that Viking Holdings Ltd will post 1.13 EPS for the current fiscal year.

Institutional Trading of Viking

A number of hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in Viking during the second quarter worth $2,063,879,000. Select Equity Group L.P. purchased a new position in Viking during the second quarter valued at $145,989,000. Massachusetts Financial Services Co. MA lifted its holdings in Viking by 36.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after purchasing an additional 793,795 shares in the last quarter. Forest Avenue Capital Management LP purchased a new position in Viking during the second quarter valued at $58,008,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Viking by 282.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock valued at $45,896,000 after purchasing an additional 971,152 shares in the last quarter.

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.