Viad (NYSE:VVI) Rating Lowered to Sell at StockNews.com

Viad (NYSE:VVI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other equities research analysts also recently issued reports about the company. TheStreet upgraded Viad from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. B. Riley reiterated a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Viad presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Viad Trading Down 0.4 %

Shares of NYSE VVI traded down $0.14 during midday trading on Wednesday, hitting $35.31. The company’s stock had a trading volume of 57,611 shares, compared to its average volume of 84,076. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67. The business’s 50 day moving average is $36.01 and its two-hundred day moving average is $34.70. Viad has a 12-month low of $22.66 and a 12-month high of $39.98. The firm has a market cap of $746.03 million, a P/E ratio of -92.92, a price-to-earnings-growth ratio of 1.45 and a beta of 1.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in Viad during the 4th quarter valued at $380,000. Bailard Inc. bought a new stake in Viad during the 4th quarter valued at $212,000. Hsbc Holdings PLC bought a new stake in Viad during the 3rd quarter valued at $205,000. Semanteon Capital Management LP bought a new stake in Viad during the 4th quarter valued at $329,000. Finally, Barclays PLC boosted its position in Viad by 40.2% during the 3rd quarter. Barclays PLC now owns 22,171 shares of the business services provider’s stock valued at $582,000 after acquiring an additional 6,352 shares in the last quarter. 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.