Viad Corp. (VVI) Hits New 12-Month High at $36.34
Shares of Viad Corp. (NYSE:VVI) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $36.34 and last traded at $36.26, with a volume of 30,135 shares traded. The stock had previously closed at $35.48.
A number of analysts have recently issued reports on VVI shares. B. Riley reaffirmed a “buy” rating and set a $39.25 target price on shares of Viad Corp. in a research report on Tuesday, June 21st. Zacks Investment Research lowered Viad Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th.
The firm’s 50 day moving average is $31.88 and its 200 day moving average is $30.03. The stock has a market capitalization of $728.43 million and a PE ratio of 38.84.
Viad Corp. (NYSE:VVI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.82 by $0.22. The company had revenue of $324.70 million for the quarter, compared to analysts’ expectations of $304.90 million. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. On average, equities research analysts anticipate that Viad Corp. will post $2.28 EPS for the current year.
Several institutional investors recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. boosted its position in Viad Corp. by 155.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 37,620 shares of the company’s stock valued at $1,062,000 after buying an additional 22,920 shares in the last quarter. Boston Partners boosted its position in Viad Corp. by 3.1% in the fourth quarter. Boston Partners now owns 52,902 shares of the company’s stock valued at $1,493,000 after buying an additional 1,600 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Viad Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,161 shares of the company’s stock valued at $1,049,000 after buying an additional 631 shares in the last quarter.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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