Viking’s (NYSE:VIK – Get Free Report) lock-up period is set to expire on Monday, October 28th. Viking had issued 64,041,668 shares in its public offering on May 1st. The total size of the offering was $1,537,000,032 based on an initial share price of $24.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Analyst Ratings Changes
Several brokerages recently weighed in on VIK. Bank of America raised their price objective on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. HSBC started coverage on shares of Viking in a research report on Tuesday, June 25th. They set a “buy” rating and a $36.00 price objective on the stock. Wells Fargo & Company increased their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price target on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Barclays increased their price target on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.
View Our Latest Research Report on VIK
Viking Stock Performance
Viking (NYSE:VIK – Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $1.61 billion. On average, sell-side analysts anticipate that Viking will post 1.13 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new position in Viking in the second quarter worth $35,000. Sunbelt Securities Inc. bought a new position in Viking in the second quarter worth $68,000. American National Bank bought a new position in Viking in the second quarter worth $68,000. SG Americas Securities LLC bought a new position in Viking in the third quarter worth $181,000. Finally, Scientech Research LLC bought a new position in Viking in the second quarter worth $200,000.
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.
See Also
- Five stocks we like better than Viking
- Roth IRA Calculator: Calculate Your Potential Returns
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- About the Markup Calculator
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- How to Calculate Stock Profit
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Receive News & Ratings for Viking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viking and related companies with MarketBeat.com's FREE daily email newsletter.