Viad (NYSE:VVI) Price Target Raised to $54.00 at Oppenheimer

Viad (NYSE:VVI) had its target price lifted by research analysts at Oppenheimer from $41.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price suggests a potential upside of 22.01% from the company’s current price.

VVI has been the subject of a number of other reports. StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and set a $42.00 price objective (down from $46.00) on shares of Viad in a report on Monday, August 12th.

Viad Price Performance

NYSE:VVI traded down $0.36 during trading hours on Wednesday, hitting $44.26. The stock had a trading volume of 8,487 shares, compared to its average volume of 100,124. The company has a 50 day simple moving average of $36.74 and a two-hundred day simple moving average of $35.16. 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 has a one year low of $29.46 and a one year high of $47.49. The firm has a market capitalization of $938.31 million, a price-to-earnings ratio of 89.24, a P/E/G ratio of 2.76 and a beta of 2.04.

Viad (NYSE:VVI) 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. Viad had a net margin of 2.68% and a return on equity of 47.55%. The firm had revenue of $455.70 million during the quarter, compared to the consensus estimate of $437.10 million. During the same period last year, the firm earned $1.49 EPS. Research analysts forecast that Viad will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Viad

Hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale bought a new stake in Viad in the second quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Viad by 63.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 1,748 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Viad in the first quarter valued at about $228,000. GSA Capital Partners LLP purchased a new position in shares of Viad in the third quarter valued at about $210,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Viad in the second quarter valued at about $228,000. 89.91% of the stock is owned by institutional investors.

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.