Viad (NYSE:VVI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Viad (NYSE:VVI) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the business services provider’s stock.

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

Viad Price Performance

Viad has a one year low of $29.46 and a one year 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 business’s 50-day simple moving average is $43.00 and its two-hundred day simple moving average is $37.56. The firm has a market cap of $954.09 million, a PE ratio of 42.45, a PEG ratio of 2.40 and a beta of 2.07.

Viad (NYSE:VVI) last announced its quarterly 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. The firm had revenue of $455.70 million for the quarter, compared to analysts’ expectations of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same quarter in the previous year, the company posted $1.49 EPS. As a group, research analysts anticipate that Viad will post 1.25 earnings per share for the current year.

Institutional Trading of Viad

Several institutional investors and hedge funds have recently bought and sold shares of VVI. Point72 Asia Singapore Pte. Ltd. raised its holdings in Viad by 224.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock valued at $44,000 after buying an additional 858 shares during the period. GSA Capital Partners LLP purchased a new stake in Viad in the 3rd quarter valued at about $210,000. Point72 Asset Management L.P. purchased a new stake in Viad in the 3rd quarter valued at about $222,000. Squarepoint Ops LLC purchased a new stake in Viad in the 2nd quarter valued at about $228,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Viad in the 3rd quarter valued at about $234,000. 89.91% of the stock is currently owned by hedge funds and other 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.