StockNews.com assumed coverage on shares of Viad (NYSE:VVI – Free 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
Viad (NYSE:VVI – Get 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
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.
Featured Stories
- Five stocks we like better than Viad
- Buy P&G Now, Before It Sets A New All-Time High
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- How Can Investors Benefit From After-Hours Trading
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- What Are the FAANG Stocks and Are They Good Investments?
- Delta Can Fly to New Highs in 2025; Here’s Why
Receive News & Ratings for Viad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad and related companies with MarketBeat.com's FREE daily email newsletter.