Viad (NYSE:VVI) Rating Lowered to Sell at StockNews.com

Viad (NYSE:VVI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other equities analysts have also recently weighed in on VVI. B. Riley restated a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Viad in a research report on Wednesday, March 6th. TheStreet upgraded shares of Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Viad Trading Down 2.9 %

VVI stock opened at $34.24 on Wednesday. Viad has a 52-week low of $22.66 and a 52-week high of $39.98. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 4.67. The firm has a market cap of $723.49 million, a P/E ratio of -90.11, a PEG ratio of 1.46 and a beta of 1.97. The company’s 50-day simple moving average is $35.99 and its 200-day simple moving average is $34.69.

Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.15). Viad had a return on equity of 12.70% and a net margin of 0.61%. The business had revenue of $273.50 million for the quarter, compared to analysts’ expectations of $271.11 million. As a group, equities analysts forecast that Viad will post 1.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Viad

Hedge funds and other institutional investors have recently modified their holdings of the business. AJOVista LLC purchased a new stake in Viad in the 4th quarter valued at $54,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Viad by 100.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock worth $135,000 after purchasing an additional 2,587 shares during the last quarter. Advisory Services Network LLC purchased a new position in Viad during the fourth quarter worth about $163,000. Hsbc Holdings PLC purchased a new position in Viad during the third quarter worth about $205,000. Finally, Arizona State Retirement System acquired a new position in Viad in the 4th quarter valued at about $211,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.