Viad (NYSE:VVI) Price Target Raised to $54.00

Viad (NYSE:VVI) had its price target boosted by Oppenheimer from $41.00 to $54.00 in a research report released on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. B. Riley reaffirmed a “buy” rating and issued a $42.00 price objective (down from $46.00) on shares of Viad in a research report on Monday, August 12th. StockNews.com raised Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th.

Viad Trading Down 0.8 %

NYSE VVI opened at $44.62 on Wednesday. Viad has a 12 month low of $29.46 and a 12 month high of $47.49. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. The stock’s fifty day moving average price is $37.42 and its 200-day moving average price is $35.35. The stock has a market cap of $946.03 million, a P/E ratio of 89.24, a P/E/G ratio of 2.31 and a beta of 2.04.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.87 by $0.14. The company had revenue of $455.70 million for the quarter, compared to the consensus estimate of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same period in the prior year, the firm posted $1.49 EPS. As a group, equities analysts forecast that Viad will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Viad

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Viad during the 2nd quarter valued at $38,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Viad by 224.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 858 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Viad by 63.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,748 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Viad during the 1st quarter valued at about $228,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Viad during the 3rd quarter valued at about $210,000. 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.