Viad (NYSE:VVI) Now Covered by StockNews.com

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

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

Viad Stock Performance

Viad has a 12-month low of $29.46 and a 12-month high of $47.49. The business has a 50-day moving average of $43.00 and a 200 day moving average of $37.56. The firm has a market capitalization of $954.09 million, a PE ratio of 42.45, a PEG 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.

Viad (NYSE:VVI) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.14. The company had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same quarter last year, the business earned $1.49 EPS. As a group, sell-side analysts expect that Viad will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

Several institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Viad by 224.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 858 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Viad by 1.0% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 112,815 shares of the business services provider’s stock worth $4,042,000 after purchasing an additional 1,165 shares in the last quarter. FMR LLC boosted its position in shares of Viad by 17.5% in the third quarter. FMR LLC now owns 10,732 shares of the business services provider’s stock worth $385,000 after buying an additional 1,601 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Viad by 9.2% in the second quarter. Thrivent Financial for Lutherans now owns 19,820 shares of the business services provider’s stock valued at $674,000 after buying an additional 1,672 shares in 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.