Stifel Nicolaus Cuts Viking (NYSE:VIK) Price Target to $115.00

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

VIK has been the subject of several other reports. Wells Fargo & Company upped their target price on Viking from $109.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. BMO Capital Markets reissued an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. Loop Capital began coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price target for the company. Weiss Ratings upgraded shares of Viking from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Viking in a report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus price target of $106.83.

Viking Price Performance

Shares of Viking stock opened at $78.42 on Monday. The firm has a market cap of $34.95 billion, a PE ratio of 26.05, a P/E/G ratio of 0.93 and a beta of 1.41. Viking has a twelve month low of $56.37 and a twelve month high of $110.09. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The business has a 50-day moving average price of $92.35 and a 200 day moving average price of $88.66.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. Viking’s revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts predict that Viking will post 3.19 earnings per share for the current fiscal year.

Insider Activity at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the firm’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 value of $1,711,400.00. Following the transaction, the executive vice president owned 585,571 shares in the company, valued at $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of Viking

Large investors have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC purchased a new position in Viking in the 1st quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new stake in Viking during the 2nd quarter worth $31,000. SJS Investment Consulting Inc. grew its holdings in shares of Viking by 304.4% during the first quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock worth $34,000 after buying an additional 344 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Viking by 1,918.5% during the fourth quarter. IFP Advisors Inc now owns 1,312 shares of the company’s stock worth $94,000 after buying an additional 1,247 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Viking by 18.3% in the second quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock valued at $98,000 after buying an additional 145 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking took delivery of the Viking Sekhmet, its newest Nile River ship, at Cairo’s Massara shipyard. The addition expands the company’s Egyptian fleet and increases its capacity to serve demand for its Nile cruise itineraries. Viking Takes Delivery of Newest River Ship in Egypt
• Positive Sentiment: Multiple travel and cruise-industry reports characterize the delivery as part of Viking’s broader expansion of its river-cruise presence in Egypt. A larger fleet could support future revenue growth if Nile bookings remain strong. Viking expands Egyptian fleet with new Nile River ship
• Positive Sentiment: Analysts maintain an overall “Moderate Buy” rating on Viking Holdings, indicating that Wall Street sentiment remains favorable despite the stock’s recent underperformance relative to its moving averages. Viking Holdings receives Moderate Buy rating
• Neutral Sentiment: The Sekhmet delivery is an operational milestone rather than a reported earnings, booking, or guidance update. The articles do not disclose the ship’s expected revenue contribution, utilization rate, or construction cost, limiting its immediate effect on valuation.

About Viking

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.