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

StockNews.com began coverage on shares of Viad (NYSE:VVI) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the business services provider’s stock.

Separately, Oppenheimer increased their target price on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Viad Price Performance

The company has a 50-day simple moving average of $43.00 and a 200-day simple moving average of $37.56. The company has a market capitalization of $954.09 million, a PE ratio of 42.45, a PEG ratio of 2.40 and a beta of 2.07. Viad has a 12-month low of $29.46 and a 12-month high of $47.49. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01.

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 analysts’ consensus estimates of $1.87 by $0.14. Viad had a return on equity of 47.55% and a net margin of 2.68%. The firm had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. During the same period last year, the firm posted $1.49 earnings per share. As a group, analysts expect that Viad will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VVI. The Manufacturers Life Insurance Company increased its holdings in shares of Viad by 4.5% during 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 acquiring an additional 350 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew 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 purchasing an additional 858 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Viad during the 2nd quarter valued at $38,000. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Viad by 1.0% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 112,815 shares of the business services provider’s stock worth $4,042,000 after buying an additional 1,165 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Viad by 17.5% in the third quarter. FMR LLC now owns 10,732 shares of the business services provider’s stock valued at $385,000 after buying an additional 1,601 shares in the last quarter. 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.