Viad (NYSE:VVI) Rating Reiterated by Oppenheimer

Viad (NYSE:VVI)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer in a research note issued on Tuesday, Benzinga reports. They currently have a $41.00 target price on the business services provider’s stock. Oppenheimer’s target price indicates a potential upside of 18.02% from the stock’s current price.

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

Viad Trading Up 4.0 %

VVI stock traded up $1.34 during midday trading on Tuesday, reaching $34.74. 25,257 shares of the company’s stock traded hands, compared to its average volume of 89,598. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.07 and a quick ratio of 1.02. Viad has a fifty-two week low of $22.88 and a fifty-two week high of $40.27. The business has a 50-day moving average price of $33.88 and a two-hundred day moving average price of $34.81. The company has a market capitalization of $733.99 million, a P/E ratio of -91.42, a PEG ratio of 1.91 and a beta of 2.04.

Viad (NYSE:VVI) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.77 by $0.20. The company had revenue of $378.54 million for the quarter, compared to analyst estimates of $358.72 million. Viad had a return on equity of 29.43% and a net margin of 2.30%. During the same period last year, the company posted $0.36 earnings per share. Equities research analysts forecast that Viad will post 1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Viad

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Viad by 455.5% in the second quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock valued at $1,172,000 after buying an additional 28,262 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of Viad by 227.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider’s stock worth $1,262,000 after purchasing an additional 22,210 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Viad by 20.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock worth $3,484,000 after acquiring an additional 17,399 shares during the period. Advisory Services Network LLC purchased a new position in Viad during the 4th quarter valued at about $163,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Viad by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock valued at $45,758,000 after purchasing an additional 20,209 shares during the period. 89.91% of the stock is owned by 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.