Mizuho Issues Positive Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price objective upped by Mizuho from $59.00 to $69.00 in a report released on Thursday morning,Benzinga reports. Mizuho currently has an underperform rating on the stock.

A number of other research analysts have also weighed in on the company. Barclays increased their price target on Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Truist Financial upped their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. Bank of America upped their price objective 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. Finally, Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.40.

Viking Price Performance

VIK stock traded down $1.88 during trading on Thursday, hitting $70.29. The stock had a trading volume of 871,442 shares, compared to its average volume of 2,439,466. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 0.65 and a beta of 1.96. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.61 and a current ratio of 0.79. The company’s 50 day moving average price is $73.68 and its two-hundred day moving average price is $66.65. Viking has a 1-year low of $31.79 and a 1-year high of $81.48.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. Viking had a net margin of 17.65% and a return on equity of 240.75%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, sell-side analysts forecast that Viking will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares during the period. Envestnet Asset Management Inc. boosted its position in Viking by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,766 shares during the period. Amalgamated Bank acquired a new stake in Viking in the 2nd quarter valued at $815,000. Bank of New York Mellon Corp increased its holdings in Viking by 1,063.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock valued at $15,597,000 after purchasing an additional 267,521 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Viking by 20.1% in the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock valued at $106,000 after purchasing an additional 332 shares during the period. Hedge funds and other institutional investors 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.