Zacks: Viad Corp (NYSE:VVI) Receives Average Recommendation of “Buy” from Analysts

Shares of Viad Corp (NYSE:VVI) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokerages have set a 12-month consensus price target of $85.00 for the company and are forecasting that the company will post $1.70 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 168 out of 256 based on the ratings given to its competitors.

VVI has been the topic of a number of analyst reports. Zacks Investment Research upgraded Viad from a “hold” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a research report on Friday, July 19th. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th.

Shares of VVI traded up $0.35 on Tuesday, reaching $66.78. 90,436 shares of the stock traded hands, compared to its average volume of 94,455. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 28.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.48 and a current ratio of 0.52. Viad has a 12 month low of $46.17 and a 12 month high of $72.27. The stock’s 50-day moving average is $68.41.

Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $402.30 million for the quarter, compared to analysts’ expectations of $398.50 million. Viad had a return on equity of 11.55% and a net margin of 2.32%. Viad’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 earnings per share. As a group, equities research analysts anticipate that Viad will post 2.75 earnings per share for the current year.

In other Viad news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $62.91, for a total value of $125,820.00. Following the sale, the director now directly owns 21,025 shares in the company, valued at $1,322,682.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Large investors have recently made changes to their positions in the business. Quantamental Technologies LLC grew its position in Viad by 111.3% in the first quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 600 shares during the period. Reinhart Partners Inc. boosted its stake in Viad by 33.2% in the first quarter. Reinhart Partners Inc. now owns 62,463 shares of the business services provider’s stock worth $3,516,000 after purchasing an additional 15,578 shares in the last quarter. Geode Capital Management LLC boosted its stake in Viad by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 218,234 shares of the business services provider’s stock worth $10,931,000 after purchasing an additional 17,413 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Viad by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,592 shares of the business services provider’s stock worth $731,000 after purchasing an additional 320 shares in the last quarter. Finally, Investors Research Corp acquired a new position in Viad in the first quarter worth $28,000. Hedge funds and other institutional investors own 89.14% of the company’s stock.

About Viad

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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