Viad (NYSE:VVI) Coverage Initiated at StockNews.com

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

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

Viad Stock Performance

The business’s 50 day simple moving average is $43.00 and its two-hundred day simple 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 price-to-earnings ratio of 42.45, a PEG ratio of 2.40 and a beta of 2.07. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01.

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

Hedge Funds Weigh In On Viad

Several hedge funds and other institutional investors have recently modified their holdings of VVI. Thrivent Financial for Lutherans increased its holdings in shares of Viad by 9.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,820 shares of the business services provider’s stock valued at $674,000 after acquiring an additional 1,672 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Viad in the 2nd quarter worth about $228,000. Millennium Management LLC increased its holdings in shares of Viad by 36.8% during the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock valued at $5,026,000 after acquiring an additional 39,796 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Viad by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 350 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Viad during the 3rd quarter valued at approximately $406,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Company Profile

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.