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

StockNews.com initiated coverage on shares of Viad (NYSE:VVI) in a report released on Monday morning. The firm issued a hold rating on the business services provider’s stock.

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

Viad Stock Performance

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. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. The business’s 50-day moving average is $43.00 and its 200-day moving average is $37.56. Viad has a 12 month low of $29.46 and a 12 month high of $47.49.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The firm had revenue of $455.70 million during the quarter, compared to the consensus estimate of $437.10 million. During the same period last year, the business posted $1.49 earnings per share. As a group, analysts predict that Viad will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of Viad by 15.2% in the third quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock valued at $73,174,000 after buying an additional 269,440 shares during the period. River Road Asset Management LLC raised its holdings in Viad by 3.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after acquiring an additional 67,292 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Viad by 1.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock valued at $48,716,000 after acquiring an additional 13,814 shares during the period. State Street Corp grew its holdings in shares of Viad by 2.2% during the 3rd quarter. State Street Corp now owns 766,330 shares of the business services provider’s stock worth $27,458,000 after purchasing an additional 16,419 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Viad by 1.4% in the third quarter. Geode Capital Management LLC now owns 468,029 shares of the business services provider’s stock worth $16,773,000 after purchasing an additional 6,599 shares during the period. 89.91% of the stock is owned by 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.