Viking (NYSE:VIK) Price Target Lowered to $76.00 at Barclays

Viking (NYSE:VIK) had its price target cut by equities researchers at Barclays from $77.00 to $76.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 0.77% from the company’s current price.

VIK has been the subject of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Mizuho upped their target price on shares of Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, March 5th. Truist Financial upped their target price on shares of Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, March 24th. Bank of America upped their target price on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Morgan Stanley upped their target price on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.14.

Viking Stock Performance

NYSE:VIK traded down $1.67 during mid-day trading on Friday, hitting $76.59. 515,076 shares of the company traded hands, compared to its average volume of 2,636,705. The stock’s fifty day moving average price is $74.14 and its 200-day moving average price is $68.40. Viking has a one year low of $36.99 and a one year high of $81.48. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The firm has a market cap of $34.13 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.43 and a beta of 1.90.

Viking (NYSE:VIK) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.72 billion during the quarter. Research analysts anticipate that Viking will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in Viking by 381.8% in the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after purchasing an additional 6,715,666 shares during the period. Norges Bank purchased a new stake in Viking in the 4th quarter worth about $372,297,000. Massachusetts Financial Services Co. MA raised its position in Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after purchasing an additional 3,615,969 shares during the period. Invesco Ltd. raised its position in Viking by 32.8% in the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after purchasing an additional 3,471,244 shares during the period. Finally, AQR Capital Management LLC raised its position in Viking by 316.8% in the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after purchasing an additional 3,364,265 shares during the period. Institutional investors own 98.84% of the company’s stock.

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.