Viad (NYSE:VVI) Earns “Outperform” Rating from Oppenheimer

Oppenheimer restated their outperform rating on shares of Viad (NYSE:VVI) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a $41.00 price target on the business services provider’s stock.

A number of other analysts have also recently issued reports on the stock. B. Riley reissued a buy rating and issued a $42.00 target price (down from $46.00) on shares of Viad in a research report on Monday, August 12th. StockNews.com raised shares of Viad from a sell rating to a hold rating in a research note on Wednesday, August 7th.

Viad Trading Up 1.2 %

NYSE VVI opened at $35.18 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 3.73. Viad has a 1-year low of $22.88 and a 1-year high of $40.27. The firm’s fifty day simple moving average is $33.96 and its 200-day simple moving average is $34.80. The company has a market capitalization of $743.28 million, a PE ratio of -92.58, a price-to-earnings-growth ratio of 1.91 and a beta of 2.04.

Viad (NYSE:VVI) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. The firm had revenue of $378.54 million for the quarter, compared to the consensus estimate of $358.72 million. Viad had a return on equity of 29.43% and a net margin of 2.30%. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, sell-side analysts anticipate that Viad will post 1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC grew its holdings in Viad by 8.3% during the second quarter. Algert Global LLC now owns 53,301 shares of the business services provider’s stock valued at $1,812,000 after purchasing an additional 4,096 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Viad by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after buying an additional 350 shares during the last quarter. Millennium Management LLC raised its holdings in Viad by 36.8% in the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock worth $5,026,000 after acquiring an additional 39,796 shares during the period. Squarepoint Ops LLC acquired a new position in Viad during the 2nd quarter worth $228,000. Finally, Bank of Montreal Can acquired a new position in Viad during the 2nd quarter worth $2,380,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.