Viking (NYSE:VIK) Given New $90.00 Price Target at Citigroup

Viking (NYSE:VIK) had its target price hoisted by equities research analysts at Citigroup from $88.00 to $90.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 15.85% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Mizuho lifted their price target on shares of Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Jefferies Financial Group upgraded shares of Viking from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $80.00 in a research report on Monday, December 15th. Barclays lowered their price target on shares of Viking from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Finally, Truist Financial lifted their price objective on shares of Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, March 24th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.29.

Viking Trading Up 0.7%

Shares of NYSE:VIK traded up $0.52 during trading on Monday, hitting $77.69. 1,385,381 shares of the company’s stock were exchanged, compared to its average volume of 2,638,313. Viking has a 1-year low of $36.99 and a 1-year high of $81.48. The firm has a 50-day moving average price of $74.25 and a two-hundred day moving average price of $68.61. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The firm has a market cap of $34.62 billion, a P/E ratio of 30.22, a PEG ratio of 1.42 and a beta of 1.90.

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

Insiders Place Their Bets

In related news, EVP Jeffrey Dash sold 28,631 shares of Viking stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $80.22, for a total transaction of $2,296,778.82. Following the transaction, the executive vice president owned 466,391 shares of the company’s stock, valued at $37,413,886.02. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. World Investment Advisors bought a new position in Viking in the fourth quarter valued at approximately $1,151,000. Virtu Financial LLC bought a new position in Viking in the fourth quarter valued at approximately $386,000. Invesco Ltd. lifted its stake in Viking by 4.1% in the fourth quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after buying an additional 570,672 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Viking in the fourth quarter valued at approximately $2,885,000. Finally, Blue Chip Partners LLC lifted its stake in Viking by 16.9% in the fourth quarter. Blue Chip Partners LLC now owns 14,982 shares of the company’s stock valued at $1,070,000 after buying an additional 2,169 shares in the last quarter. 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.