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

Investment analysts at StockNews.com started coverage on shares of Viad (NYSE:VVI) in a report issued on Sunday. The firm 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 company an “outperform” rating in a report on Wednesday, November 13th.

Viad Price Performance

Viad has a 1-year low of $29.46 and a 1-year high of $47.49. The company has a market cap of $954.09 million, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.40 and a beta of 2.07. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97. The firm has a fifty day moving average of $43.00 and a 200-day moving average of $37.56.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share 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 for the quarter, compared to analyst estimates of $437.10 million. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, sell-side analysts expect that Viad will post 1.25 EPS for the current year.

Institutional Trading of Viad

Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Viad by 15.2% during 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 buying an additional 269,440 shares during the period. River Road Asset Management LLC increased 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 worth $69,872,000 after acquiring an additional 67,292 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Viad by 1.0% in the 3rd 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 in the last quarter. State Street Corp boosted its holdings in Viad by 2.2% in the 3rd quarter. State Street Corp now owns 766,330 shares of the business services provider’s stock valued at $27,458,000 after purchasing an additional 16,419 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Viad by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 468,029 shares of the business services provider’s stock worth $16,773,000 after purchasing an additional 6,599 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

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.