Viking (NYSE:VIK) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Viking (NYSE:VIK) to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other analysts also recently commented on the company. Stifel Nicolaus increased their price target on Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group reaffirmed a “buy” rating and set a $69.00 target price on shares of Viking in a research report on Friday, November 14th. Barclays boosted their price target on shares of Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, October 3rd. Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Bank of America boosted their target price on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.88.

Viking Stock Up 0.8%

Shares of VIK stock traded up $0.52 on Monday, hitting $61.73. The stock had a trading volume of 1,952,185 shares, compared to its average volume of 2,904,102. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The business has a 50 day moving average of $60.39 and a 200 day moving average of $56.00. Viking has a 12-month low of $31.79 and a 12-month high of $65.37. The stock has a market cap of $27.35 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 0.68 and a beta of 2.20.

Viking (NYSE:VIK) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. As a group, analysts expect that Viking will post 1.49 EPS for the current year.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIK. Invesco Ltd. lifted its stake in shares of Viking by 400.3% during the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after buying an additional 8,462,947 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Viking by 381.8% during the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after acquiring an additional 6,715,666 shares in the last quarter. Norges Bank bought a new position in shares of Viking in the second quarter worth $236,911,000. Massachusetts Financial Services Co. MA grew its position in shares of Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after purchasing an additional 3,615,969 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Viking by 57.9% during the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after purchasing an additional 2,092,729 shares during the period. 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.