StockNews.com Initiates Coverage on Viad (NYSE:VVI)

Stock analysts at StockNews.com started coverage on shares of Viad (NYSE:VVI) in a research report issued on Saturday. The brokerage set a “hold” rating on the business services provider’s stock.

Separately, Oppenheimer raised their price target on Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Viad Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. The business’s fifty day moving average is $43.00 and its two-hundred day moving average is $37.56. Viad has a fifty-two week low of $29.46 and a fifty-two week high of $47.49. The firm has a market capitalization of $954.09 million, a P/E ratio of 42.45, a PEG ratio of 2.40 and a beta of 2.07.

Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.14. Viad had a return on equity of 47.55% and a net margin of 2.68%. The firm had revenue of $455.70 million during the quarter, compared to analysts’ expectations of $437.10 million. During the same quarter in the prior year, the business posted $1.49 earnings per share. Analysts anticipate that Viad will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Viad by 95.9% in the 3rd quarter. Barclays PLC now owns 62,840 shares of the business services provider’s stock valued at $2,251,000 after acquiring an additional 30,764 shares during the last quarter. State Street Corp lifted its holdings in shares of Viad by 2.2% in the third quarter. State Street Corp now owns 766,330 shares of the business services provider’s stock valued at $27,458,000 after buying an additional 16,419 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Viad by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock worth $48,716,000 after purchasing an additional 13,814 shares during the period. River Road Asset Management LLC raised its position in Viad by 3.6% during the third quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after buying an additional 67,292 shares during the period. Finally, Victory Capital Management Inc. increased its position in Viad by 15.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock worth $73,174,000 after purchasing an additional 269,440 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

About Viad

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.