Viking (NYSE:VIK) Coverage Initiated at BNP Paribas

Stock analysts at BNP Paribas assumed coverage on shares of Viking (NYSE:VIK) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $47.00 price target on the stock. BNP Paribas’ target price indicates a potential upside of 13.18% from the stock’s previous close.

Several other research analysts have also recently commented on VIK. Truist Financial raised their target price on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th. Loop Capital initiated coverage on shares of Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price objective for the company. UBS Group boosted their target price on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Morgan Stanley lowered their price target on Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Finally, Citigroup assumed coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.38.

Viking Stock Performance

Viking stock opened at $41.53 on Thursday. The firm has a market cap of $17.92 billion and a price-to-earnings ratio of 159.71. The firm’s 50 day moving average price is $47.09 and its two-hundred day moving average price is $43.18. Viking has a 1 year low of $25.71 and a 1 year high of $53.14.

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

Institutional Investors Weigh In On Viking

A number of large investors have recently bought and sold shares of the business. Avior Wealth Management LLC lifted its position in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after buying an additional 285 shares during the last quarter. Quarry LP bought a new position in shares of Viking in the 4th quarter valued at approximately $66,000. Golden State Wealth Management LLC acquired a new stake in shares of Viking in the fourth quarter worth $73,000. Orion Capital Management LLC acquired a new position in Viking during the 4th quarter worth $110,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Viking during the 4th quarter worth about $119,000. 98.84% of the stock is currently owned by institutional investors.

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.