StockNews.com Begins Coverage on Viad (NYSE:VVI)

StockNews.com began coverage on shares of Viad (NYSE:VVI) in a note issued to investors on Monday. The brokerage set a “hold” rating on the business services provider’s stock.

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

Viad Stock Performance

Viad has a 1-year low of $29.46 and a 1-year high of $47.49. The business has a 50-day moving average price of $43.00 and a two-hundred day moving average price of $37.56. 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 stock has a market capitalization of $954.09 million, a price-to-earnings ratio of 42.45, a P/E/G ratio of 2.40 and a beta of 2.07.

Viad (NYSE:VVI) last announced its earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 47.55% and a net margin of 2.68%. During the same period in the prior year, the company posted $1.49 EPS. As a group, sell-side analysts predict that Viad will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of large investors have recently bought and sold shares of VVI. Victory Capital Management Inc. boosted its holdings in shares of Viad by 15.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock valued at $73,174,000 after acquiring an additional 269,440 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Viad during the 2nd quarter valued at about $2,380,000. River Road Asset Management LLC lifted its holdings in shares of Viad by 3.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after buying an additional 67,292 shares during the period. Millennium Management LLC boosted its stake in shares of Viad by 36.8% in the second quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock worth $5,026,000 after buying an additional 39,796 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Viad by 41.3% during the third quarter. JPMorgan Chase & Co. now owns 112,809 shares of the business services provider’s stock worth $4,042,000 after acquiring an additional 32,961 shares during the period. 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.