Viad (NYSE:VVI) Price Target Raised to $54.00 at Oppenheimer

Viad (NYSE:VVI) had its target price lifted by Oppenheimer from $41.00 to $54.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other analysts have also recently weighed in on VVI. B. Riley restated a “buy” rating and issued a $42.00 price target (down from $46.00) on shares of Viad in a report on Monday, August 12th. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.

Viad Stock Performance

Shares of VVI stock opened at $43.30 on Wednesday. The company’s 50 day moving average is $36.94 and its 200 day moving average is $35.22. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. The firm has a market cap of $917.96 million, a price-to-earnings ratio of 86.60, a PEG ratio of 2.70 and a beta of 2.04. Viad has a 52-week low of $29.46 and a 52-week high of $47.49.

Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 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 analyst estimates of $437.10 million. During the same period in the previous year, the company posted $1.49 EPS. On average, sell-side analysts anticipate that Viad will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new stake in Viad during the 2nd quarter worth approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Viad by 63.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after buying an additional 1,748 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Viad in the 3rd quarter valued at $210,000. Lazard Asset Management LLC purchased a new position in Viad in the 1st quarter worth $228,000. Finally, Squarepoint Ops LLC acquired a new stake in Viad during the 2nd quarter worth about $228,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.