Mizuho Increases Viking (NYSE:VIK) Price Target to $69.00

Viking (NYSE:VIKGet Free Report) had its target price increased by equities research analysts at Mizuho from $59.00 to $69.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Mizuho’s price target suggests a potential upside of 0.15% from the company’s current price.

A number of other equities analysts have also recently weighed in on VIK. Stifel Nicolaus upped their price target on Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial raised their price objective on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. UBS Group boosted their price objective on Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Citigroup upped their target price on Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on Viking from $77.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $72.40.

Get Our Latest Stock Analysis on VIK

Viking Stock Down 4.5%

VIK stock opened at $68.89 on Thursday. Viking has a one year low of $31.79 and a one year high of $81.48. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.61 and a current ratio of 0.79. The firm’s fifty day moving average is $73.59 and its 200 day moving average is $66.71. The firm has a market cap of $30.53 billion, a PE ratio of 26.81, a P/E/G ratio of 1.33 and a beta of 1.96.

Viking (NYSE:VIKGet Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. Viking had a net margin of 17.65% and a return on equity of 240.75%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s revenue was up 27.8% compared to the same quarter last year. On average, research analysts forecast that Viking will post 1.49 EPS for the current year.

Institutional Investors Weigh In On Viking

Several institutional investors have recently bought and sold shares of VIK. Newbridge Financial Services Group Inc. acquired a new position in shares of Viking during the third quarter valued at approximately $26,000. Activest Wealth Management boosted its stake in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Viking in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its position in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking News Summary

Here are the key news stories impacting Viking this week:

About Viking

(Get Free Report)

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.

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