Viking (NYSE:VIK) Given New $93.00 Price Target at Barclays

by · The Markets Daily

Viking (NYSE:VIK – Get Free Report) had its target price lifted by equities research analysts at Barclays from $88.00 to $93.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 7.13% from the company’s previous close.

VIK has been the subject of a number of other research reports. Susquehanna raised their price objective on Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Friday, May 15th. UBS Group reissued a “buy” rating and issued a $100.00 target price on shares of Viking in a research note on Wednesday, May 27th. BMO Capital Markets assumed coverage on Viking in a research report on Tuesday. They issued an “outperform” rating and a $115.00 price target for the company. Sanford C. Bernstein began coverage on shares of Viking in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price objective on the stock. Finally, Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.76.

Read Our Latest Report on VIK

Viking Trading Down 0.4%

VIK opened at $100.14 on Wednesday. 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 has a 52 week low of $54.78 and a 52 week high of $105.76. The stock has a market cap of $44.63 billion, a PE ratio of 37.23, a PEG ratio of 1.45 and a beta of 1.48. The business has a 50 day moving average of $90.85 and a 200-day moving average of $80.01.

Viking (NYSE:VIK – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts predict that Viking will post 3.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the transaction, the executive vice president directly owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 63,935 shares of company stock worth $5,360,351.

Institutional Trading of Viking

A number of institutional investors have recently made changes to their positions in VIK. Norges Bank purchased a new stake in Viking during the fourth quarter valued at $372,297,000. Invesco Ltd. boosted its position in Viking by 32.8% in the third 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 last quarter. AQR Capital Management LLC boosted its position in Viking by 316.8% in the fourth 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 last quarter. Dream Peak Capital Ltd bought a new stake in shares of Viking during the 4th quarter valued at about $223,744,000. Finally, State Street Corp grew its stake in shares of Viking by 34,748.5% during the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after purchasing an additional 1,806,920 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

About Viking

(Get Free Report)

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.

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