Viking (NYSE:VIK) Given New $51.00 Price Target at Bank of America

Viking (NYSE:VIK) had its price objective raised by investment analysts at Bank of America from $40.00 to $51.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price would suggest a potential upside of 11.38% from the stock’s previous close.

VIK has been the topic of several other reports. Stifel Nicolaus lifted their target price on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Barclays raised their target price on shares of Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $37.00 to $49.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.58.

Viking Stock Performance

VIK stock opened at $45.79 on Wednesday. Viking has a 1-year low of $25.71 and a 1-year high of $46.25. The business has a 50 day simple moving average of $37.50 and a two-hundred day simple moving average of $34.30.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Equities analysts predict that Viking will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC purchased a new position in Viking during the 2nd quarter valued at $2,226,000. U S Global Investors Inc. purchased a new stake in shares of Viking during the third quarter valued at $1,169,000. International Assets Investment Management LLC bought a new position in shares of Viking in the third quarter worth about $2,222,000. Forest Avenue Capital Management LP purchased a new position in Viking in the 2nd quarter worth about $58,008,000. Finally, Canada Pension Plan Investment Board bought a new stake in Viking during the 2nd quarter valued at about $2,063,879,000.

About Viking

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.