Viad Corp (VVI) Stock Rating Reaffirmed by Northcoast Research
Other equities research analysts also recently issued research reports about the company. B. Riley restated a buy rating and set a $42.00 price target on shares of Viad Corp in a research report on Thursday, October 27th. Zacks Investment Research upgraded Viad Corp from a hold rating to a buy rating and set a $46.00 price objective on the stock in a report on Tuesday, November 1st.
Shares of Viad Corp (NYSE:VVI) opened at 47.45 on Monday. Viad Corp has a 12 month low of $26.58 and a 12 month high of $48.10. The company’s 50 day moving average price is $44.45 and its 200 day moving average price is $40.42. The company has a market cap of $963.57 million, a price-to-earnings ratio of 22.75 and a beta of 0.51.
Viad Corp (NYSE:VVI) last released its quarterly earnings results on Thursday, February 9th. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. Viad Corp had a return on equity of 13.54% and a net margin of 3.51%. The business had revenue of $256.40 million for the quarter, compared to the consensus estimate of $253.37 million. During the same quarter last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts expect that Viad Corp will post $2.55 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Viad Corp by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,930 shares of the company’s stock valued at $482,000 after buying an additional 560 shares during the last quarter. Summit Global Investments acquired a new stake in Viad Corp during the fourth quarter valued at about $534,000. AQR Capital Management LLC boosted its stake in Viad Corp by 17.7% in the fourth quarter. AQR Capital Management LLC now owns 91,528 shares of the company’s stock valued at $4,037,000 after buying an additional 13,756 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Viad Corp by 165.4% in the fourth quarter. Guggenheim Capital LLC now owns 60,939 shares of the company’s stock valued at $2,687,000 after buying an additional 37,980 shares during the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in Viad Corp during the fourth quarter valued at about $310,000. 84.39% of the stock is currently owned by institutional investors.
Viad Corp Company Profile
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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