Viking (NYSE:VIK – Free Report) The price target was raised by JPMorgan Chase & Co. from $37.00 to $42.00 in a research report published on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an “overweight” rating on the stock.
Several other brokerage firms have also issued reports on VIK. Melius Research began coverage on Viking in a research report on Wednesday, May 22nd. They issued a buy rating and a $37.00 price target for the company. Wells Fargo & Company began coverage on shares of Viking in a research report on Tuesday, May 28th. They issued an overweight rating and a $35.00 price target for the company. UBS Group began coverage on shares of Viking in a report on Tuesday, May 28th. They issued a buy rating and a $35.00 price target for the stock. Stifel Nicolaus began coverage on shares of Viking in a research report on Tuesday, May 28th. They issued a buy rating and a $37.00 price target for the company. Finally, Bank of America raised their price target on Viking from $35.00 to $40.00 and gave the company a buy rating in a report on Tuesday, July 23. Three analysts have rated the stock with a hold and nine have given the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.67.
Read our latest research report on VIK
Viking Trading loses 8.9%
VIK opened at $33.19 on Thursday. Viking has a 12-month low of $25.71 and a 12-month high of $37.25. The stock’s 50-day moving average price is $33.94.
Viking (NYSE:VIK – Get Free Report) last released its quarterly earnings results on Wednesday, May 29. The company reported earnings per share of -$0.03 for the quarter, beating the consensus estimate of -$0.46 by $0.43. The company had revenue of $718.16 million during the quarter, compared to analyst estimates of $705.70 million. Research analysts expect that Viking will report earnings per share of $1.18 for the current year.
Institutional inflows and outflows
Large investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. acquired a new stake in shares of Viking during the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. acquired a new position in Viking during the 2nd quarter valued at $68,000. American National Bank acquired a new stake in Viking during the 2nd quarter valued at $68,000. Scientech Research LLC acquired a new stake in Viking during the 2nd quarter valued at $200,000. Finally, O Neil Global Advisors Inc. acquired a new position in shares of Viking during the 2nd quarter valued at about $202,000.
Viking company profile
(Get free report)
Viking Holdings Ltd is engaged in passenger shipping and other forms of passenger transportation in North America, the United Kingdom and internationally. The company operates through river and ocean segments. The company is also engaged in passenger tour operations and related tourism activities. As of December 31, 2023, it operated a fleet of 92 vessels, including 81 river vessels, including 58 longships, 10 smaller classes based on the longship design, 11 other river vessels, 1 river vessel charter and the Viking Mississippi; 9 ocean vessels and 2 expedition vessels.
Selected articles
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