Viking (NYSE:VIK) Stock Price Target Lowered at Wells Fargo & Company

Viking (NYSE:VIK) had its price target decreased by Wells Fargo & Company from $128.00 to $118.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 34.72% from the company’s current price.

VIK has been the topic of several other research reports. Benchmark raised shares of Viking to a “strong-buy” rating in a report on Friday, September 25th. BNP Paribas Exane reissued an “outperform” rating and issued a $121.00 price objective (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Susquehanna decreased their price objective on shares of Viking from $105.00 to $100.00 and set a “positive” rating on the stock in a research report on Tuesday, October 20th. Jefferies Financial Group lifted their target price on shares of Viking from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Mizuho lifted their target price on shares of Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.44.

Viking Stock Up 0.1%

VIK stock opened at $87.59 on Monday. Viking has a twelve month low of $56.67 and a twelve month high of $110.09. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The stock has a market cap of $39.04 billion, a P/E ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39. The business’s 50-day moving average price is $84.08 and its 200-day moving average price is $85.47.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts forecast that Viking will post 3.14 EPS for the current year.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the completion of the sale, the executive vice president directly owned 395,022 shares of the company’s stock, valued at $35,642,835.06. This trade represents a 5.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the sale, the executive vice president owned 565,571 shares in the company, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 65,000 shares of company stock worth $5,770,950.

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Viking by 18.3% in the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after purchasing an additional 145 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Viking by 1.7% during the 3rd quarter. Allworth Financial LP now owns 11,677 shares of the company’s stock valued at $915,000 after purchasing an additional 190 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Viking by 3.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,251 shares of the company’s stock valued at $490,000 after purchasing an additional 218 shares during the last quarter. Axiom Investment Management LLC grew its position in shares of Viking by 87.2% during the third quarter. Axiom Investment Management LLC now owns 513 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Finally, North Dakota State Investment Board grew its position in shares of Viking by 4.7% during the third quarter. North Dakota State Investment Board now owns 5,424 shares of the company’s stock valued at $425,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Company Profile