Viking (NYSE:VIK) Sees Strong Trading Volume – What’s Next?

Viking Holdings Ltd (NYSE:VIK) shares saw strong trading volume on Monday . 1,181,569 shares traded hands during trading, a decline of 36% from the previous session’s volume of 1,856,010 shares.The stock last traded at $38.35 and had previously closed at $38.75.

Analysts Set New Price Targets

VIK has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Stifel Nicolaus increased their price target on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Morgan Stanley boosted their price objective on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Viking Stock Performance

The business has a 50 day moving average of $35.48.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, analysts predict that Viking Holdings Ltd will post 1.13 EPS for the current year.

Hedge Funds Weigh In On Viking

Several hedge funds and other institutional investors have recently made changes to their positions in VIK. U.S. Capital Wealth Advisors LLC acquired a new stake in Viking in the second quarter valued at approximately $2,226,000. U S Global Investors Inc. acquired a new stake in shares of Viking in the 3rd quarter valued at $1,169,000. Forest Avenue Capital Management LP purchased a new stake in shares of Viking during the 2nd quarter worth $58,008,000. Canada Pension Plan Investment Board acquired a new position in shares of Viking during the second quarter worth $2,063,879,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Viking in the second quarter valued at $11,685,000.

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.