StockNews.com Initiates Coverage on Viad (NYSE:VVI)

StockNews.com started coverage on shares of Viad (NYSE:VVI) in a report released on Sunday. The firm set a “hold” rating on the business services provider’s stock.

Separately, Oppenheimer raised their price target 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 Stock Performance

The firm has a 50 day moving average price of $43.00 and a 200 day moving average price of $37.56. Viad has a 12-month low of $29.46 and a 12-month high of $47.49. 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 cap of $954.09 million, a PE ratio of 42.45, a PEG ratio of 2.40 and a beta of 2.07.

Viad (NYSE:VVI) last released its earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share 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 firm had revenue of $455.70 million during the quarter, compared to analysts’ expectations of $437.10 million. During the same period in the prior year, the company earned $1.49 earnings per share. On average, research analysts predict that Viad will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of institutional investors have recently added to or reduced their stakes in VVI. DekaBank Deutsche Girozentrale bought a new stake in shares of Viad in the second quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. raised its position in Viad by 224.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock worth $44,000 after purchasing an additional 858 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Viad in the 3rd quarter valued at about $210,000. Point72 Asset Management L.P. acquired a new stake in shares of Viad in the third quarter valued at about $222,000. Finally, Squarepoint Ops LLC bought a new position in shares of Viad during the second quarter worth about $228,000. 89.91% of the stock is 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.