Viking (NYSE:VIK) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Viking (NYSE:VIK) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $49.00 price target on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 0.96% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Truist Financial upped their price objective on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Bank of America upped their price objective on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $49.00 price objective on shares of Viking in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.43.

Viking Stock Up 1.5 %

Viking stock opened at $48.54 on Wednesday. Viking has a 1-year low of $25.71 and a 1-year high of $49.91. The firm’s 50 day simple moving average is $45.26 and its 200 day simple moving average is $39.29.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC bought a new stake in Viking during the 3rd quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new stake in Viking during the 2nd quarter worth approximately $68,000. SG Americas Securities LLC bought a new stake in Viking during the 3rd quarter worth approximately $181,000. Wilmington Savings Fund Society FSB bought a new stake in Viking during the 3rd quarter worth approximately $187,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Viking during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.