Viking (NYSE:VIK) Given New $49.00 Price Target at Morgan Stanley

Viking (NYSE:VIK) had its price objective cut by Morgan Stanley from $53.00 to $49.00 in a report issued on Friday, Marketbeat reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently commented on VIK. The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective for the company. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup assumed coverage on shares of Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and an average target price of $46.33.

Viking Stock Up 0.3 %

Viking stock opened at $40.11 on Friday. The company has a market capitalization of $17.30 billion and a PE ratio of 154.25. The firm has a fifty day simple moving average of $47.22 and a two-hundred day simple moving average of $42.93. Viking has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Viking’s revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts expect that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently bought and sold shares of VIK. Avior Wealth Management LLC purchased a new stake in Viking in the third quarter worth about $27,000. Quarry LP purchased a new stake in Viking in the fourth quarter worth about $66,000. Golden State Wealth Management LLC purchased a new stake in Viking in the fourth quarter worth about $73,000. Orion Capital Management LLC purchased a new stake in shares of Viking during the fourth quarter valued at approximately $110,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Viking during the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.