Viad (VVI) Rating Increased to Buy at ValuEngine

Viad (NYSE:VVI) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Sunday.

Separately, Zacks Investment Research lowered shares of Viad from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.13.

Shares of Viad (NYSE VVI) opened at $55.40 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71. Viad has a 1 year low of $42.05 and a 1 year high of $61.85. The stock has a market cap of $1,130.80, a PE ratio of 15.01 and a beta of 0.51.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02. Viad had a net margin of 5.86% and a return on equity of 13.91%. The business had revenue of $339.10 million during the quarter, compared to analyst estimates of $327.59 million. During the same period in the prior year, the business posted $1.74 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. equities research analysts anticipate that Viad will post 2.59 EPS for the current year.

In other news, Director Robert E. Munzenrider sold 2,100 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $56.01, for a total transaction of $117,621.00. Following the completion of the sale, the director now directly owns 21,179 shares in the company, valued at $1,186,235.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in VVI. FMR LLC raised its stake in Viad by 52.3% in the second quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after buying an additional 250,850 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Viad by 103.1% during the third quarter. TimesSquare Capital Management LLC now owns 405,840 shares of the business services provider’s stock valued at $24,716,000 after purchasing an additional 206,000 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Viad by 65.7% during the second quarter. Kennedy Capital Management Inc. now owns 166,780 shares of the business services provider’s stock valued at $7,880,000 after purchasing an additional 66,131 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Viad by 8.9% during the second quarter. Wells Fargo & Company MN now owns 718,952 shares of the business services provider’s stock valued at $33,971,000 after purchasing an additional 58,568 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Viad during the second quarter valued at approximately $2,752,000. 86.07% of the stock is owned by institutional investors.

WARNING: “Viad (VVI) Rating Increased to Buy at ValuEngine” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/01/02/viad-vvi-rating-increased-to-buy-at-valuengine.html.

About Viad

Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.

What are top analysts saying about Viad? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Viad and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit