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

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

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

Viad Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $954.09 million, a price-to-earnings 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 fifty day simple moving average of $43.00 and a 200-day simple moving average of $37.56.

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. The company had revenue of $455.70 million during the quarter, compared to analysts’ expectations of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same period in the prior year, the company earned $1.49 EPS. On average, analysts anticipate that Viad will post 1.25 EPS for the current fiscal year.

Institutional Trading of Viad

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Viad by 41.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,809 shares of the business services provider’s stock valued at $4,042,000 after acquiring an additional 32,961 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Viad by 13.8% in the third quarter. SkyView Investment Advisors LLC now owns 19,452 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 2,361 shares during the period. Geode Capital Management LLC lifted its stake in shares of Viad by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 468,029 shares of the business services provider’s stock valued at $16,773,000 after buying an additional 6,599 shares in the last quarter. Barclays PLC boosted its holdings in Viad by 95.9% in the 3rd quarter. Barclays PLC now owns 62,840 shares of the business services provider’s stock worth $2,251,000 after buying an additional 30,764 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Viad in the 3rd quarter valued at approximately $234,000. 89.91% of the stock is currently owned by 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.