Barclays Boosts Viking (NYSE:VIK) Price Target to $43.00

Viking (NYSE:VIK) had its price objective upped by investment analysts at Barclays from $39.00 to $43.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.59% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Bank of America lifted their price target on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. HSBC assumed coverage on Viking in a research report on Tuesday, June 25th. They set a “buy” rating and a $36.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price objective on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. lifted their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Performance

Shares of VIK stock traded up $1.05 during trading hours on Tuesday, reaching $39.60. The company had a trading volume of 1,203,145 shares, compared to its average volume of 1,869,449. The company’s fifty day simple moving average is $34.99. Viking has a twelve month low of $25.71 and a twelve month high of $39.70.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, equities research analysts predict that Viking will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. bought a new position in shares of Viking during the 2nd quarter valued at about $35,000. American National Bank purchased a new position in shares of Viking during the second quarter valued at about $68,000. Sunbelt Securities Inc. bought a new stake in shares of Viking during the second quarter valued at approximately $68,000. SG Americas Securities LLC purchased a new stake in Viking in the third quarter worth $181,000. Finally, Scientech Research LLC bought a new position in Viking in the second quarter worth $200,000.

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.