Viking Positioned to Navigate Periods of Low Water in Europe, UBS Securities Says

MT Newswires Live08-19 23:48

Viking (VIK) is uniquely positioned to navigate periods of low water in Europe, given its scale and ability to execute ship swaps with its fleet of identical river vessels, UBS Securities said in a note Tuesday.

The investment firm said its estimates for the company are largely unchanged, expecting earnings per share of $3.23, $4.28, and $5.50 for 2026, 2027, and 2028, respectively.

The firm said it is upwardly revising its price target driven by a re-rating of multiple, given sustained return on invested capital and growth profile.

UBS Securities reiterated its buy rating on the stock and boosted its price target to $121 per share from $100.

Shares of Viking were down 1.8% in Wednesday trading.

Price: 96.53, Change: -1.76, Percent Change: -1.79

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment