Viking (NYSE:VIK) Given New $128.00 Price Target at Wells Fargo & Company

Viking (NYSE:VIK) had its target price increased by stock analysts at Wells Fargo & Company from $109.00 to $128.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 16.98% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Sanford C. Bernstein initiated coverage on Viking in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price target for the company. Stifel Nicolaus set a $105.00 price target on Viking in a research report on Friday, May 15th. BNP Paribas Exane reiterated an “outperform” rating and issued a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Finally, Susquehanna increased 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and an average target price of $105.11.

Viking Price Performance

Shares of NYSE:VIK opened at $109.42 on Wednesday. The company has a market cap of $48.77 billion, a PE ratio of 40.68, a P/E/G ratio of 1.22 and a beta of 1.50. Viking has a fifty-two week low of $55.55 and a fifty-two week high of $109.42. The firm has a 50-day simple moving average of $98.00 and a 200 day simple moving average of $84.02. 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 (NYSE:VIK) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.Viking’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) earnings per share. On average, sell-side analysts anticipate that Viking will post 3.32 EPS for the current year.

Insider Activity

In related news, EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. The trade was a 5.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 17,566 shares of company stock worth $1,640,166.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently modified their holdings of VIK. Basecamp Wealth Advisors LLC acquired a new stake in shares of Viking in the first quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking in the third quarter worth $26,000. Activest Wealth Management grew its position in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in Viking during the fourth quarter valued at about $28,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.