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

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

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

Viad Stock Performance

The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market capitalization of $954.09 million, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.40 and a beta of 2.07. Viad has a 12-month low of $29.46 and a 12-month high of $47.49. The business’s 50 day moving average price is $43.00 and its two-hundred day moving average price is $37.56.

Viad (NYSE:VVI) last released its quarterly earnings data 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 net margin of 2.68% and a return on equity of 47.55%. The business had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. During the same period in the previous year, the firm earned $1.49 EPS. On average, analysts predict that Viad will post 1.25 EPS for the current fiscal year.

Institutional Trading of Viad

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Viad by 95.9% during the 3rd quarter. Barclays PLC now owns 62,840 shares of the business services provider’s stock worth $2,251,000 after purchasing an additional 30,764 shares during the last quarter. State Street Corp lifted its stake in shares of Viad by 2.2% during the third quarter. State Street Corp now owns 766,330 shares of the business services provider’s stock valued at $27,458,000 after buying an additional 16,419 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Viad by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock worth $48,716,000 after acquiring an additional 13,814 shares during the last quarter. Victory Capital Management Inc. grew its stake in 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 worth $73,174,000 after acquiring an additional 269,440 shares during the period. Finally, River Road Asset Management LLC raised its holdings in 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 acquiring an additional 67,292 shares during the last quarter. 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.