Viking (NYSE:VIK) Issues Quarterly Earnings Results

Viking (NYSE:VIK) posted its earnings results on Tuesday. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09, Zacks reports.

Viking Price Performance

Viking stock opened at $42.95 on Tuesday. The firm has a 50 day simple moving average of $47.81 and a 200-day simple moving average of $42.62. Viking has a 1-year low of $25.71 and a 1-year high of $53.14.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIK shares. The Goldman Sachs Group initiated coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price target on the stock. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Barclays reiterated an “equal weight” rating and issued a $49.00 price objective on shares of Viking in a research note on Friday, December 13th. Loop Capital initiated coverage on shares of Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Truist Financial lifted their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and an average price target of $45.13.

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.