Analysts Set $85.00 Price Target for Viad Corp (NYSE:VVI)

Viad Corp (NYSE:VVI) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokers have set a 12-month consensus price objective of $85.00 for the company and are anticipating that the company will post $1.70 EPS for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 157 out of 255 based on the ratings given to related companies.

A number of research firms have commented on VVI. Zacks Investment Research lowered Viad from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. ValuEngine lowered Viad from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

NYSE:VVI traded up $1.16 during mid-day trading on Friday, hitting $65.80. The company had a trading volume of 50,089 shares, compared to its average volume of 93,021. Viad has a fifty-two week low of $46.17 and a fifty-two week high of $72.27. The business’s fifty day moving average is $65.68 and its two-hundred day moving average is $63.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.45 and a current ratio of 0.49. The firm has a market cap of $1.34 billion, a P/E ratio of 28.12 and a beta of 0.68.

Viad (NYSE:VVI) last released its earnings results on Thursday, July 25th. The business services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. Viad had a return on equity of 11.24% and a net margin of 2.32%. The firm had revenue of $402.30 million for the quarter, compared to analyst estimates of $398.50 million. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Viad will post 2.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. Viad’s payout ratio is 17.09%.

In other news, Director Robert E. Munzenrider sold 1,079 shares of Viad stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $63.70, for a total value of $68,732.30. Following the transaction, the director now owns 19,025 shares in the company, valued at approximately $1,211,892.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Munzenrider sold 921 shares of Viad stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $66.02, for a total value of $60,804.42. Following the completion of the transaction, the director now owns 20,104 shares in the company, valued at approximately $1,327,266.08. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VVI. Advisory Services Network LLC bought a new stake in Viad during the 2nd quarter worth $32,000. Bank of Montreal Can grew its position in Viad by 242.3% during the 2nd quarter. Bank of Montreal Can now owns 2,372 shares of the business services provider’s stock worth $157,000 after acquiring an additional 1,679 shares during the last quarter. Paloma Partners Management Co bought a new stake in Viad during the 2nd quarter worth $206,000. United Services Automobile Association bought a new stake in Viad during the 2nd quarter worth $206,000. Finally, BBT Capital Management LLC bought a new stake in Viad during the 2nd quarter worth $253,000. Institutional investors own 88.13% of the company’s stock.

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. It operates in two business groups, GES and Pursuit. The company 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.

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