Viking (NYSE:VIK) Stock Gets Price Target Cut from Wells Fargo & Company

Viking (NYSE:VIK) had its price objective decreased by Wells Fargo & Company from $128.00 to $118.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other analysts have also weighed in on the company. Citigroup restated a “buy” rating on shares of Viking in a report on Friday, October 2nd. BNP Paribas Exane reaffirmed an “outperform” rating and set a $121.00 target price (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Jefferies Financial Group lifted their target price on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Morgan Stanley boosted their price target on shares of Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. Finally, Benchmark upgraded shares of Viking to a “strong-buy” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.44.

Viking Price Performance

Shares of NYSE:VIK opened at $90.05 on Monday. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.06 and a beta of 1.39. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. Viking has a 12 month low of $56.67 and a 12 month high of $110.09. The stock’s 50 day moving average price is $84.19 and its 200 day moving average price is $85.76.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share 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 firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that Viking will post 3.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total value of $1,803,800.00. Following the transaction, the executive vice president directly owned 565,571 shares in the company, valued at $51,008,848.49. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey Dash sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total value of $2,255,750.00. Following the sale, the executive vice president directly owned 395,022 shares in the company, valued at $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,000 shares of company stock worth $5,770,950 over the last 90 days.

Hedge Funds Weigh In On Viking

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after buying an additional 145 shares during the period. Allworth Financial LP lifted its stake in Viking by 1.7% during the third quarter. Allworth Financial LP now owns 11,677 shares of the company’s stock valued at $915,000 after buying an additional 190 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Viking by 3.6% in the third quarter. Farther Finance Advisors LLC now owns 6,251 shares of the company’s stock worth $490,000 after buying an additional 218 shares during the period. Axiom Investment Management LLC boosted its holdings in shares of Viking by 87.2% in the third quarter. Axiom Investment Management LLC now owns 513 shares of the company’s stock worth $40,000 after buying an additional 239 shares during the period. Finally, North Dakota State Investment Board boosted its holdings in shares of Viking by 4.7% in the third quarter. North Dakota State Investment Board now owns 5,424 shares of the company’s stock worth $425,000 after buying an additional 242 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Viking

Viking Holdings Ltd. operates cruise voyages through its Viking brand, offering river, ocean and expedition cruises. Its trips are designed around destination-focused itineraries and include onboard cultural and educational programming. The company’s river cruises visit destinations across Europe, Asia, Egypt and the United States, while its ocean and expedition voyages travel to regions around the world. Viking began as a river cruise company in 1997 and later expanded into ocean and expedition cruising.