Viking (NYSE:VIK) Coverage Initiated by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company began coverage on shares of Viking (NYSE:VIK) in a report released on Tuesday. The firm set an “equal weight” rating and a $56.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 2.28% from the stock’s current price.

A number of other equities analysts have also recently commented on VIK. Truist Financial lifted their price target on Viking from $55.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, September 19th. Barclays boosted their price target on Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, October 3rd. Morgan Stanley lifted their price objective on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. UBS Group reiterated a “buy” rating and set a $69.00 price objective on shares of Viking in a research report on Friday. Finally, Stifel Nicolaus raised their price target on shares of Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Viking has a consensus rating of “Hold” and an average price target of $58.75.

Viking Trading Down 3.4%

NYSE:VIK opened at $57.31 on Tuesday. Viking has a twelve month low of $31.79 and a twelve month high of $65.37. The business has a 50 day moving average price of $60.53 and a two-hundred day moving average price of $55.85. The company has a market cap of $25.39 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 0.69 and a beta of 2.20. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK) last released its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts expect that Viking will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new position in Viking during the 3rd quarter worth $26,000. Pittenger & Anderson Inc. bought a new position in Viking during the second quarter valued at $27,000. Private Trust Co. NA bought a new stake in Viking in the 2nd quarter valued at about $29,000. Costello Asset Management INC bought a new position in Viking in the 1st quarter worth approximately $33,000. Finally, CI Investments Inc. grew its position in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. 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.