Viking (NYSE:VIK) Shares Gap Down – What’s Next?

Viking Holdings Ltd (NYSE:VIK)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $45.39, but opened at $43.53. Viking shares last traded at $43.57, with a volume of 920,223 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on VIK shares. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America raised their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price target on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Viking Price Performance

The firm’s fifty day moving average price is $38.55 and its 200-day moving average price is $34.69.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Sell-side analysts expect that Viking Holdings Ltd will post 1.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

Large investors have recently added to or reduced their stakes in the company. Empirical Asset Management LLC boosted its holdings in Viking by 6.0% during the third quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock worth $341,000 after purchasing an additional 550 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Viking in the third quarter valued at approximately $27,000. Fruth Investment Management raised its stake in Viking by 1.4% in the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock valued at $2,505,000 after acquiring an additional 1,000 shares during the period. Valley Wealth Managers Inc. acquired a new position in Viking in the 2nd quarter valued at about $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in Viking during the 2nd quarter worth approximately $68,000.

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.