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

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

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Viad in a research note on Monday, August 12th.

Viad Stock Down 0.8 %

Viad stock opened at $44.62 on Wednesday. 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 $945.94 million, a price-to-earnings ratio of 89.24, a price-to-earnings-growth ratio of 2.31 and a beta of 2.04. The stock’s fifty day moving average is $37.42 and its two-hundred day moving average is $35.35. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01.

Viad (NYSE:VVI) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $437.10 million. During the same period last year, the firm posted $1.49 EPS. Analysts predict that Viad will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of hedge funds and other institutional investors have recently made changes to their positions in VVI. Barclays PLC grew its holdings in Viad by 95.9% in the 3rd quarter. Barclays PLC now owns 62,840 shares of the business services provider’s stock valued at $2,251,000 after buying an additional 30,764 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Viad in the third quarter worth approximately $234,000. State Street Corp grew its holdings in Viad by 2.2% in the third 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. Point72 Asset Management L.P. acquired a new position in Viad during the third quarter worth approximately $222,000. Finally, Centiva Capital LP purchased a new position in Viad during the third quarter worth approximately $274,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.