Viad (NYSE:VVI) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Viad (NYSE:VVI) in a research report report published on Monday. The brokerage issued 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 report on Wednesday, November 13th.

Viad Stock Performance

The firm has a fifty day simple moving average of $43.00 and a two-hundred day simple moving average of $37.56. Viad has a fifty-two week low of $29.46 and a fifty-two week high of $47.49. 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 price-to-earnings ratio of 42.45, a PEG ratio of 2.40 and a beta of 2.07.

Viad (NYSE:VVI) last posted 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 company had revenue of $455.70 million during the quarter, compared to analyst estimates of $437.10 million. During the same period in the previous year, the firm earned $1.49 earnings per share. On average, equities analysts predict that Viad will post 1.25 EPS for the current year.

Institutional Investors Weigh In On Viad

Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Viad by 224.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock worth $44,000 after buying an additional 858 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Viad in the 3rd quarter valued at approximately $210,000. Point72 Asset Management L.P. acquired a new position in shares of Viad during the 3rd quarter valued at $222,000. Squarepoint Ops LLC acquired a new position in shares of Viad during the 2nd quarter valued at $228,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Viad during the 3rd quarter valued at $234,000. 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.