Viad Corp (NYSE:VVI) Given $75.00 Average Target Price by Analysts

Shares of Viad Corp (NYSE:VVI) have been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a 12-month consensus price objective of $75.00 for the company and are anticipating that the company will post $1.37 EPS for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 171 out of 256 based on the ratings given to related companies.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Viad from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. ValuEngine raised Viad from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th.

In other Viad news, Director Robert E. Munzenrider sold 2,000 shares of Viad stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $62.91, for a total transaction of $125,820.00. Following the completion of the sale, the director now directly owns 21,025 shares of the company’s stock, valued at approximately $1,322,682.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Several large investors have recently made changes to their positions in VVI. Investors Research Corp purchased a new position in Viad during the 1st quarter worth $28,000. Bank of Montreal Can grew its stake in Viad by 123.6% during the 4th quarter. Bank of Montreal Can now owns 1,196 shares of the business services provider’s stock worth $60,000 after buying an additional 661 shares during the last quarter. Quantamental Technologies LLC grew its stake in Viad by 111.3% during the 1st quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock worth $64,000 after buying an additional 600 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Viad during the 1st quarter worth about $206,000. Finally, BNP Paribas Arbitrage SA lifted its position in Viad by 904.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,248 shares of the business services provider’s stock worth $239,000 after acquiring an additional 3,825 shares during the period. Institutional investors and hedge funds own 88.68% of the company’s stock.

NYSE VVI traded up $1.42 during trading on Friday, hitting $68.40. 69,725 shares of the stock traded hands, compared to its average volume of 92,037. The firm has a market capitalization of $1.36 billion, a P/E ratio of 29.23 and a beta of 0.70. The company has a 50-day moving average of $64.29. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 0.11. Viad has a 12-month low of $46.17 and a 12-month high of $68.53.

Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.76) by $0.25. The business had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $272.40 million. Viad had a return on equity of 10.56% and a net margin of 3.13%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.49) EPS. Equities analysts forecast that Viad will post 2.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, June 6th. Viad’s dividend payout ratio (DPR) is presently 17.09%.

Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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