Viad Corp. (VVI) Hits New 52-Week High at $36.34
Viad Corp. (NYSE:VVI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $36.34 and last traded at $36.26, with a volume of 30,135 shares trading hands. The stock had previously closed at $35.48.
VVI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Viad Corp. from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, April 26th. B. Riley restated a “buy” rating and set a $40.50 target price on shares of Viad Corp. in a research note on Monday, August 1st.
The stock’s 50-day moving average is $32.01 and its 200-day moving average is $30.07. The company has a market cap of $728.43 million and a price-to-earnings ratio of 38.84.
Viad Corp. (NYSE:VVI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.22. The firm earned $324.70 million during the quarter, compared to the consensus estimate of $304.90 million. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that Viad Corp. will post $2.28 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake 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 during the last quarter. Boston Partners increased its stake 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 during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake 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 during 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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