Viad (VVI) Stock Rating Lowered by Zacks Investment Research

Viad (NYSE:VVI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

According to Zacks, “Viad Corp is an S&P SmallCap 600 international experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. Viad generates its revenue and shareholder value through two main business units: GES, a global full-service live events company serving the world’s leading brands and event organizers and Pursuit, a collection of iconic and cultural destination travel experiences that showcase the best of Banff, Jasper, Glacier, Denali and Kenai Fjords National Parks. Their business strategy focuses on providing exceptional experiential services to their customers and sustainable returns on invested capital to their shareholders. “

VVI has been the topic of several other reports. ValuEngine lowered Viad from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Northcoast Research reissued a “neutral” rating on shares of Viad in a research report on Friday, July 27th.



NYSE:VVI traded down $4.93 during mid-day trading on Friday, hitting $47.53. The company had a trading volume of 346,742 shares, compared to its average volume of 68,439. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.59. Viad has a 1 year low of $47.00 and a 1 year high of $62.50. The firm has a market capitalization of $1.07 billion, a PE ratio of 18.14 and a beta of 0.64.

Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.72 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.12). Viad had a net margin of 2.34% and a return on equity of 10.14%. The company had revenue of $358.16 million during the quarter, compared to analysts’ expectations of $381.40 million. Equities analysts anticipate that Viad will post 2.67 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rothschild Asset Management Inc. increased its position in shares of Viad by 0.5% during the second quarter. Rothschild Asset Management Inc. now owns 180,934 shares of the business services provider’s stock worth $9,816,000 after acquiring an additional 914 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Viad by 0.4% during the second quarter. Bessemer Group Inc. now owns 220,051 shares of the business services provider’s stock worth $11,938,000 after acquiring an additional 940 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Viad by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 270,317 shares of the business services provider’s stock worth $14,665,000 after acquiring an additional 1,355 shares during the last quarter. Barclays PLC increased its position in shares of Viad by 38.0% during the first quarter. Barclays PLC now owns 6,241 shares of the business services provider’s stock worth $327,000 after acquiring an additional 1,719 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Viad by 6.9% during the first quarter. California Public Employees Retirement System now owns 31,887 shares of the business services provider’s stock worth $1,672,000 after acquiring an additional 2,048 shares during the last quarter. 89.90% of the stock is currently owned by institutional investors and hedge funds.

About Viad

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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