Stifel Nicolaus Increases Viking (NYSE:VIK) Price Target to $50.00

Viking (NYSE:VIK) had its price objective boosted by equities research analysts at Stifel Nicolaus from $39.00 to $50.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 9.00% from the company’s previous close.

A number of other brokerages have also recently issued reports on VIK. Bank of America boosted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Barclays boosted their price target on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Viking Stock Performance

Shares of NYSE:VIK opened at $45.87 on Monday. Viking has a 12-month low of $25.71 and a 12-month high of $46.25. The business has a 50 day moving average of $37.76 and a 200-day moving average of $34.38.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, analysts expect that Viking will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VIK. Renaissance Capital LLC acquired a new position in Viking during the second quarter valued at approximately $2,250,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Viking in the 2nd quarter valued at $2,226,000. Cascade Investment Group Inc. bought a new position in shares of Viking in the 2nd quarter valued at $289,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Viking in the 2nd quarter valued at $1,004,000. Finally, American National Bank bought a new position in shares of Viking in the 2nd quarter valued at $68,000.

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.