Loop Capital Begins Coverage on Viking (NYSE:VIK)

Stock analysts at Loop Capital began coverage on shares of Viking (NYSE:VIK) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set a “buy” rating and a $55.00 price target on the stock. Loop Capital’s price target indicates a potential upside of 7.34% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Truist Financial increased 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. The Goldman Sachs Group initiated coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price target for the company. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Bank of America lifted their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Viking Stock Performance

VIK traded up $1.12 during midday trading on Tuesday, reaching $51.24. The company’s stock had a trading volume of 1,565,539 shares, compared to its average volume of 3,107,515. Viking has a twelve month low of $25.71 and a twelve month high of $51.99. The company has a fifty day simple moving average of $45.92 and a 200 day simple moving average of $40.09.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Avior Wealth Management LLC acquired a new position in Viking during the third quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in shares of Viking during the 4th quarter worth approximately $73,000. New York State Common Retirement Fund purchased a new stake in shares of Viking in the fourth quarter valued at approximately $119,000. Rhumbline Advisers purchased a new position in Viking during the fourth quarter worth approximately $130,000. Finally, SG Americas Securities LLC acquired a new position in Viking during the third quarter worth $181,000. 98.84% of the stock is owned by institutional investors and hedge funds.

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.