Viad (NYSE:VVI) Now Covered by StockNews.com

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

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

Viad Price Performance

The company has a market cap of $954.09 million, a price-to-earnings ratio of 42.45, a P/E/G ratio of 2.40 and a beta of 2.07. Viad has a 52-week low of $29.46 and a 52-week 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. The stock’s fifty day moving average price is $43.00 and its two-hundred day moving average price is $37.56.

Viad (NYSE:VVI) last released 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 firm had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same quarter in the previous year, the company posted $1.49 EPS. As a group, equities research analysts expect that Viad will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of large investors have recently added to or reduced their stakes in VVI. Victory Capital Management Inc. grew its holdings in shares of Viad by 15.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock worth $73,174,000 after acquiring an additional 269,440 shares during the period. Bank of Montreal Can bought a new position in Viad in the 2nd quarter valued at approximately $2,380,000. River Road Asset Management LLC lifted its position in Viad by 3.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after acquiring an additional 67,292 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Viad by 36.8% during the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock valued at $5,026,000 after buying an additional 39,796 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Viad by 41.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,809 shares of the business services provider’s stock valued at $4,042,000 after buying an additional 32,961 shares during the period. 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.