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

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

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

Viad Stock Performance

The company has a market capitalization of $954.09 million, a P/E ratio of 42.45, a P/E/G ratio of 2.40 and a beta of 2.07. The stock’s 50-day moving average is $43.00 and its two-hundred day moving average is $37.56. Viad has a 1-year low of $29.46 and a 1-year high of $47.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97.

Viad (NYSE:VVI) last posted its earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The firm had revenue of $455.70 million during the quarter, compared to analyst estimates of $437.10 million. During the same quarter in the prior year, the business posted $1.49 EPS. On average, analysts predict that Viad will post 1.25 EPS for the current year.

Institutional Investors Weigh In On Viad

Several large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp increased its holdings in Viad by 8.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 19,939 shares of the business services provider’s stock worth $678,000 after acquiring an additional 1,631 shares during the last quarter. American Century Companies Inc. boosted its position in Viad by 12.1% during the second quarter. American Century Companies Inc. now owns 40,018 shares of the business services provider’s stock worth $1,361,000 after purchasing an additional 4,323 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Viad in the second quarter worth about $38,000. Dimensional Fund Advisors LP raised its position in shares of Viad by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after purchasing an additional 22,339 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Viad by 25.4% during the 2nd quarter. Renaissance Technologies LLC now owns 60,300 shares of the business services provider’s stock valued at $2,050,000 after buying an additional 12,200 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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.