Viking (NYSE:VIK) Issues Earnings Results

Viking (NYSE:VIK) posted its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09, Zacks reports. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The business’s quarterly revenue was up 20.5% on a year-over-year basis.

Viking Price Performance

NYSE VIK opened at $40.18 on Wednesday. The stock has a 50-day simple moving average of $47.79 and a 200 day simple moving average of $42.69. Viking has a twelve month low of $25.71 and a twelve month high of $53.14.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America boosted their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Loop Capital started coverage on Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Citigroup initiated coverage on shares of Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company. Finally, Barclays restated an “equal weight” rating and set a $49.00 price target on shares of Viking in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.13.

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.