Viking (NYSE:VIK) Price Target Raised to $120.00 at The Goldman Sachs Group

Viking (NYSE:VIK) had its price target raised by The Goldman Sachs Group from $108.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Mizuho raised their price objective on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. BMO Capital Markets began coverage on shares of Viking in a report on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 target price on the stock. Loop Capital started coverage on shares of Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 price target for the company. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $79.00 to $109.00 in a report on Monday, May 18th. Finally, Barclays lifted their price target on shares of Viking from $88.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.06.

Viking Stock Down 0.3%

Shares of VIK opened at $104.17 on Friday. Viking has a 52-week low of $55.55 and a 52-week high of $105.86. The company has a market capitalization of $46.43 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48. The stock has a fifty day simple moving average of $97.16 and a two-hundred day simple moving average of $83.44. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. As a group, equities analysts forecast that Viking will post 3.32 EPS for the current year.

Insider Activity

In related news, EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the sale, the executive vice president directly owned 110,930 shares in the company, valued at approximately $10,460,699. The trade was a 5.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 17,566 shares of company stock worth $1,640,166.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Viking in the 2nd quarter valued at approximately $303,000. Daiwa Securities Group Inc. purchased a new stake in shares of Viking in the 2nd quarter valued at approximately $922,000. State Street Corp lifted its holdings in shares of Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after acquiring an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC lifted its holdings in shares of Viking by 275.0% in the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after acquiring an additional 22,188 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Goldman Sachs raised its price target to $120 from $108 and upgraded Viking to “Buy,” implying approximately 15% upside from the referenced price. The endorsement may support investor confidence and reflects a more favorable outlook for Viking’s earnings and growth. Benzinga
• Positive Sentiment: Viking took delivery of the new European river ship Viking Dagur, adding capacity to its fleet and supporting future itinerary growth. Viking Takes Delivery of Viking Dagur in Europe
• Positive Sentiment: Viking announced its first Chinese-language journeys for Northern Europe, expanding its addressable customer base and potentially improving demand from Chinese-speaking travelers. Viking First Chinese-Language Journeys for Northern Europe
• Neutral Sentiment: A report about oral VK2735 entering Phase III development concerns Viking Therapeutics (NASDAQ: VKTX), not Viking Holdings (NYSE: VIK), and therefore should not affect VIK’s valuation. Viking Therapeutics VK2735 Development
• Negative Sentiment: A Viking river ship ran aground on the Danube in Bulgaria amid unusually low water levels, and travelers were reportedly evacuated. Although the incident appears weather- or water-level-related, disruptions, customer compensation, and negative publicity could weigh modestly on near-term results and brand perception. Viking Ship Runs Aground in Europe

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.