Viking (NYSE:VIK) Earns Buy Rating from Analysts at Loop Capital

Loop Capital began coverage on shares of Viking (NYSE:VIK) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $55.00 price target on the stock.

VIK has been the subject of several other reports. Stifel Nicolaus increased their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup initiated coverage on Viking in a report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Barclays reissued an “equal weight” rating and set a $49.00 price objective on shares of Viking in a report on Friday, December 13th. Finally, Truist Financial increased their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Viking Stock Up 1.7 %

VIK stock opened at $52.93 on Tuesday. The business has a 50 day moving average of $46.24 and a 200-day moving average of $40.36. Viking has a 12-month low of $25.71 and a 12-month high of $53.06.

Institutional Investors Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC purchased a new stake in shares of Viking in the fourth quarter worth $267,000. Raymond James Financial Inc. purchased a new stake in shares of Viking in the fourth quarter worth $37,332,000. Victory Capital Management Inc. purchased a new stake in shares of Viking in the fourth quarter worth $1,443,000. Charles Schwab Investment Management Inc. raised its position in shares of Viking by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company’s stock worth $1,656,000 after buying an additional 1,234 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Viking in the fourth quarter worth $199,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.