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

Investment analysts at StockNews.com initiated coverage on shares of Viad (NYSE:VVI) in a note issued to investors on Saturday. The firm set a “hold” rating on the business services provider’s stock.

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

Viad Price Performance

Viad has a 52-week low of $29.46 and a 52-week high of $47.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $43.00 and its 200 day simple moving average is $37.56. The company has a market cap of $954.09 million, a price-to-earnings ratio of 42.45, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.14. The company had revenue of $455.70 million during the quarter, compared to the consensus estimate of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same quarter in the prior year, the company earned $1.49 earnings per share. As a group, sell-side analysts expect that Viad will post 1.25 EPS for the current fiscal year.

Institutional Trading of Viad

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of Viad by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock worth $5,218,000 after buying an additional 4,263 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Viad by 0.6% in the second quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider’s stock worth $2,089,000 after acquiring an additional 375 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Viad by 8.9% during the second quarter. Texas Permanent School Fund Corp now owns 19,939 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 1,631 shares in the last quarter. American Century Companies Inc. raised its position in shares of Viad by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 40,018 shares of the business services provider’s stock worth $1,361,000 after purchasing an additional 4,323 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Viad in the 2nd quarter worth about $38,000. 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.