Viking (NYSE:VIK) Price Target Cut to $115.00 by Analysts at Stifel Nicolaus

Viking (NYSE:VIK) had its target price cut by Stifel Nicolaus from $120.00 to $115.00 in a research report released on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group increased their target price on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Sanford C. Bernstein assumed coverage on Viking in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 target price on the stock. Mizuho boosted their price target on Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a report on Monday, August 24th. Finally, The Goldman Sachs Group upped their price target on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Viking has an average rating of “Moderate Buy” and a consensus target price of $106.83.

Viking Stock Down 1.4%

Shares of Viking stock opened at $79.18 on Monday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. Viking has a 52-week low of $56.37 and a 52-week high of $110.09. The stock has a market capitalization of $35.29 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 0.94 and a beta of 1.41. The company’s 50 day moving average price is $93.21 and its 200-day moving average price is $88.55.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 EPS. Equities research analysts forecast that Viking will post 3.2 EPS for the current year.

Insiders Place Their Bets

In other Viking news, EVP Milton Hugh sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the transaction, the executive vice president owned 585,571 shares in the company, valued at approximately $50,107,310.47. This represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Viking by 18.3% in the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after purchasing an additional 145 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Viking by 15.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company’s stock worth $137,000 after purchasing an additional 255 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Viking during the 2nd quarter valued at about $31,000. AdvisorShares Investments LLC grew its position in Viking by 17.8% during the 4th quarter. AdvisorShares Investments LLC now owns 2,213 shares of the company’s stock valued at $158,000 after purchasing an additional 335 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC bought a new stake in Viking during the 1st quarter valued at about $25,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Company Profile

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.