Viad Corp. (VVI) Reaches New 12-Month High at $36.39
Viad Corp. (NYSE:VVI) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.39 and last traded at $36.38, with a volume of 48,015 shares. The stock had previously closed at $35.70.
Several research analysts have issued reports on VVI shares. Zacks Investment Research upgraded shares of Viad Corp. from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, April 26th. B. Riley restated a “buy” rating and issued a $42.00 price target on shares of Viad Corp. in a research report on Wednesday.
The company has a 50-day moving average price of $33.45 and a 200-day moving average price of $30.61. The stock has a market capitalization of $730.87 million and a PE ratio of 38.91.
Viad Corp. (NYSE:VVI) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.22. During the same quarter last year, the firm earned $1.18 earnings per share. The firm earned $324.70 million during the quarter, compared to analyst estimates of $304.90 million. Viad Corp.’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that Viad Corp. will post $2.29 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Viad Corp. stock. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Viad Corp. (NYSE:VVI) by 155.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,620 shares of the company’s stock after buying an additional 22,920 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.19% of Viad Corp. worth $1,062,000 as of its most recent SEC filing.
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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