Viking’s (VIK) Equal Weight Rating Reiterated at Barclays

Viking (NYSE:VIK)‘s stock had its “equal weight” rating restated by Barclays in a note issued to investors on Friday,Benzinga reports. They presently have a $49.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 6.11% from the company’s previous close.

Several other analysts also recently issued reports on the company. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Bank of America boosted their target price on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.92.

Viking Trading Up 0.3 %

Shares of VIK stock opened at $46.18 on Friday. The stock has a fifty day simple moving average of $42.34 and a two-hundred day simple moving average of $36.56. Viking has a 52-week low of $25.71 and a 52-week high of $47.62.

Institutional Investors Weigh In On Viking

Several institutional investors have recently modified their holdings of the stock. U S Global Investors Inc. bought a new stake in Viking in the third quarter worth about $1,169,000. International Assets Investment Management LLC purchased a new stake in shares of Viking in the third quarter worth approximately $2,222,000. Forest Avenue Capital Management LP bought a new stake in shares of Viking during the 2nd quarter worth approximately $58,008,000. Crestwood Capital Management L.P. boosted its holdings in Viking by 236.8% during the 3rd quarter. Crestwood Capital Management L.P. now owns 471,522 shares of the company’s stock valued at $16,451,000 after acquiring an additional 331,522 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Viking during the 2nd quarter valued at $2,063,879,000. 98.84% of the stock is 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.