Morgan Stanley Issues Pessimistic Forecast for Viking (NYSE:VIK) Stock Price

Viking (NYSE:VIK) had its price objective cut by research analysts at Morgan Stanley from $53.00 to $49.00 in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 25.82% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Barclays set a $46.00 price objective on shares of Viking and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. Citigroup began coverage on shares of Viking in a report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price on the stock. Truist Financial increased their price target on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, March 14th. Finally, UBS Group raised their target price on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.33.

Viking Trading Down 2.6 %

NYSE VIK traded down $1.03 during trading hours on Friday, reaching $38.94. 3,777,779 shares of the company traded hands, compared to its average volume of 2,415,062. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The stock has a market capitalization of $16.80 billion and a PE ratio of 149.56. The company has a 50 day moving average of $47.29 and a two-hundred day moving average of $42.88.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The firm’s revenue was up 20.5% on a year-over-year basis. On average, equities research analysts anticipate that Viking will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VIK. Norges Bank bought a new position in Viking in the 4th quarter worth approximately $245,038,000. Select Equity Group L.P. increased its stake in Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock worth $761,353,000 after purchasing an additional 3,658,225 shares during the period. Capital Research Global Investors grew its position in shares of Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after buying an additional 2,492,724 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock worth $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in Viking by 1,972.0% during the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock valued at $105,092,000 after purchasing an additional 2,270,075 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.