Viad (NYSE:VVI) Research Coverage Started at StockNews.com

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

Separately, Oppenheimer lifted 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 Price Performance

The company has a fifty day moving average price of $43.00 and a 200 day moving average price of $37.56. Viad has a 52-week low of $29.46 and a 52-week high of $47.49. The firm has a market cap of $954.09 million, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.40 and a beta of 2.07. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01.

Viad (NYSE:VVI) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. The company had revenue of $455.70 million for the quarter, compared to analysts’ expectations 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 posted $1.49 earnings per share. Equities research analysts expect that Viad will post 1.25 earnings per share for the current year.

Hedge Funds Weigh In On Viad

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Viad by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 350 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position 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 valued at $44,000 after buying an additional 858 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Viad by 1.0% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 112,815 shares of the business services provider’s stock valued at $4,042,000 after acquiring an additional 1,165 shares in the last quarter. FMR LLC boosted its position in Viad by 17.5% during the 3rd quarter. FMR LLC now owns 10,732 shares of the business services provider’s stock worth $385,000 after acquiring an additional 1,601 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Viad by 14.2% during the 2nd quarter. Hsbc Holdings PLC now owns 13,383 shares of the business services provider’s stock worth $451,000 after acquiring an additional 1,663 shares in the last quarter. 89.91% of the stock is 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.