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

Stock analysts at StockNews.com began coverage on shares of Viad (NYSE:VVI) in a report issued on Monday. The firm set a “hold” rating on the business services provider’s stock.

Separately, Oppenheimer increased their price objective on shares of 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’s 50-day simple moving average is $43.00 and its 200 day simple moving average is $37.56. Viad has a 52-week low of $29.46 and a 52-week high of $47.49. The stock has a market cap of $954.09 million, a price-to-earnings 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 posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.14. Viad had a return on equity of 47.55% and a net margin of 2.68%. The company had revenue of $455.70 million for the quarter, compared to analysts’ expectations of $437.10 million. During the same period in the previous year, the firm posted $1.49 EPS. On average, sell-side analysts expect that Viad will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in Viad by 12.1% in the second quarter. American Century Companies Inc. now owns 40,018 shares of the business services provider’s stock valued at $1,361,000 after acquiring an additional 4,323 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Viad by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after buying an additional 22,339 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Viad by 25.4% during the 2nd quarter. Renaissance Technologies LLC now owns 60,300 shares of the business services provider’s stock worth $2,050,000 after purchasing an additional 12,200 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Viad by 14.2% during the second quarter. Hsbc Holdings PLC now owns 13,383 shares of the business services provider’s stock worth $451,000 after buying an additional 1,663 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Viad by 2.9% in the second quarter. Sei Investments Co. now owns 135,933 shares of the business services provider’s stock valued at $4,622,000 after purchasing an additional 3,852 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

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.