Viad (NYSE:VVI) Stock Rating Reaffirmed by Oppenheimer

Oppenheimer restated their outperform rating on shares of Viad (NYSE:VVI) in a report issued on Friday morning, Benzinga reports. They currently have a $41.00 price objective on the business services provider’s stock, down from their prior price objective of $43.00.

Separately, StockNews.com upgraded Viad from a sell rating to a hold rating in a research note on Wednesday.

Viad Stock Down 1.1 %

VVI stock traded down $0.35 on Friday, hitting $32.48. 103,665 shares of the company’s stock were exchanged, compared to its average volume of 91,849. The firm has a 50 day moving average price of $34.37 and a two-hundred day moving average price of $34.96. The company has a debt-to-equity ratio of 4.67, a quick ratio of 0.93 and a current ratio of 0.97. Viad has a 12-month low of $22.88 and a 12-month high of $40.27. The stock has a market cap of $686.24 million, a P/E ratio of -85.47, a price-to-earnings-growth ratio of 1.47 and a beta of 2.04.

Viad (NYSE:VVI) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.20. The firm had revenue of $378.54 million for the quarter, compared to the consensus estimate of $358.72 million. Viad had a net margin of 0.61% and a return on equity of 12.70%. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, equities research analysts expect that Viad will post 1.45 EPS for the current fiscal year.

Institutional Trading of Viad

A number of hedge funds have recently added to or reduced their stakes in VVI. DekaBank Deutsche Girozentrale acquired a new position in shares of Viad during the 2nd quarter worth approximately $38,000. AJOVista LLC purchased a new position in shares of Viad in the fourth quarter valued at approximately $54,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Viad during the fourth quarter worth approximately $163,000. Finally, Arizona State Retirement System purchased a new position in Viad in the 4th quarter valued at $211,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

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.