Viad Corp. (VVI) Reaches New 12-Month High at $36.39
Viad Corp. (NYSE:VVI) reached a new 52-week high on Thursday . The company traded as high as $36.39 and last traded at $36.38, with a volume of 48,015 shares trading hands. The stock had previously closed at $35.70.
VVI has been the topic of a number of research reports. Zacks Investment Research upgraded 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 reiterated a “buy” rating and issued a $42.00 price objective on shares of Viad Corp. in a report on Wednesday.
The company has a 50-day moving average of $33.31 and a 200-day moving average of $30.55. The company has a market cap of $737.97 million and a PE ratio of 39.29.
Viad Corp. (NYSE:VVI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.82 by $0.22. The company earned $324.70 million during the quarter, compared to analysts’ expectations of $304.90 million. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.18 earnings per share. Analysts expect that Viad Corp. will post $2.29 EPS for the current year.
A hedge fund recently raised its stake in Viad Corp. stock. Cornerstone Capital Management Holdings LLC. increased its stake in Viad Corp. (NYSE:VVI) by 155.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.19% of Viad Corp. worth $1,062,000 at the end of the most recent 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.