Viking (NYSE:VIK) Price Target Raised to $77.00 at Wells Fargo & Company

Viking (NYSE:VIK) had its price objective upped by Wells Fargo & Company from $62.00 to $77.00 in a research report released on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

VIK has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Bank of America increased their target price on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Citigroup lifted their target price on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Barclays upped their price target on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Finally, Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Viking Stock Performance

VIK opened at $79.66 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. The stock’s 50 day moving average price is $73.49 and its two-hundred day moving average price is $66.11. The firm has a market capitalization of $35.30 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 0.69 and a beta of 2.07. Viking has a 12-month low of $31.79 and a 12-month high of $81.48.

Institutional Trading of Viking

Large investors have recently bought and sold shares of the stock. Activest Wealth Management lifted its holdings in shares of Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust bought a new position in Viking during the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its holdings in Viking by 316.0% during the 4th 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 last quarter. SBI Securities Co. Ltd. boosted its position in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Viking during the third quarter worth about $26,000. 98.84% of the stock is currently owned by institutional investors.

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.