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

Investment analysts at StockNews.com started coverage on shares of Viad (NYSE:VVI) in a research note issued on Sunday. The firm set a “hold” rating on the business services provider’s stock.

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

Viad Stock Performance

Viad has a fifty-two week low of $29.46 and a fifty-two week high of $47.49. The company has a market cap of $954.09 million, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.40 and a beta of 2.07. The firm has a 50-day moving average price of $43.00 and a 200-day moving average price of $37.56. 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 earnings per share for the quarter, topping 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 the consensus estimate of $437.10 million. During the same quarter in the previous year, the business earned $1.49 earnings per share. Sell-side analysts predict that Viad will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Viad

A number of large investors have recently made changes to their positions in VVI. DekaBank Deutsche Girozentrale acquired a new stake in shares of Viad during the second quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. raised its stake 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 worth $44,000 after purchasing an additional 858 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Viad in the 3rd quarter valued at about $210,000. Point72 Asset Management L.P. bought a new stake in Viad in the 3rd quarter valued at about $222,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Viad during the 2nd quarter worth approximately $228,000. Institutional investors own 89.91% of the company’s stock.

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.