Viad (NYSE:VVI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Viad (NYSE:VVIFree Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the business services provider’s stock.

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

View Our Latest Stock Analysis on Viad

Viad Stock Performance

The company has a 50 day moving average price of $43.00 and a 200 day moving average price of $37.56. The company has a market capitalization of $954.09 million, a price-to-earnings ratio of 42.45, a P/E/G ratio of 2.40 and a beta of 2.07. Viad has a 1 year low of $29.46 and a 1 year high of $47.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97.

Viad (NYSE:VVIGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.87 by $0.14. The firm had revenue of $455.70 million during the quarter, compared to the consensus estimate of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same period last year, the firm earned $1.49 EPS. Sell-side analysts predict that Viad will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VVI. DekaBank Deutsche Girozentrale purchased a new position in shares of Viad in the second quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Viad by 224.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock worth $44,000 after acquiring an additional 858 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Viad in the third quarter valued at about $210,000. Point72 Asset Management L.P. bought a new position in shares of Viad during the third quarter valued at about $222,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Viad during the third quarter worth about $234,000. Institutional investors own 89.91% of the company’s stock.

About Viad

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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.

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