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

Analysts at StockNews.com began coverage on shares of Viad (NYSE:VVI) in a report issued on Saturday. The firm set a “hold” rating on the business services provider’s stock.

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

Viad Stock Performance

The company has a market cap of $954.09 million, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 2.40 and a beta of 2.07. 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 company has a 50 day moving average price of $43.00 and a two-hundred day moving average price of $37.56. Viad has a 12-month low of $29.46 and a 12-month high of $47.49.

Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. The company 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 last year, the firm posted $1.49 earnings per share. As a group, research analysts forecast that Viad will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VVI. Bank of New York Mellon Corp boosted its stake in Viad by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock worth $5,218,000 after buying an additional 4,263 shares in the last quarter. Rhumbline Advisers raised its holdings in Viad by 0.6% in the second quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider’s stock worth $2,089,000 after purchasing an additional 375 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Viad by 8.9% in the second quarter. Texas Permanent School Fund Corp now owns 19,939 shares of the business services provider’s stock worth $678,000 after purchasing an additional 1,631 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Viad by 12.1% in the second quarter. American Century Companies Inc. now owns 40,018 shares of the business services provider’s stock worth $1,361,000 after acquiring an additional 4,323 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Viad in the second quarter worth $38,000. Hedge funds and other 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.