Viad (NYSE:VVI) Research Coverage Started at Oppenheimer

Stock analysts at Oppenheimer assumed coverage on shares of Viad (NYSE:VVIGet Rating) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on VVI. B. Riley decreased their price target on Viad from $59.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 7th. StockNews.com assumed coverage on Viad in a research report on Thursday, March 31st. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.50.

VVI traded down $1.81 on Monday, hitting $27.94. The company had a trading volume of 6,335 shares, compared to its average volume of 121,103. The company has a debt-to-equity ratio of 6.70, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market capitalization of $575.31 million, a price-to-earnings ratio of -6.24 and a beta of 1.82. The stock has a fifty day moving average price of $31.99 and a 200-day moving average price of $36.19. Viad has a 12-month low of $26.06 and a 12-month high of $52.72.

Viad (NYSE:VVIGet Rating) last released its earnings results on Thursday, May 5th. The business services provider reported ($1.42) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.29). Viad had a negative return on equity of 74.77% and a negative net margin of 11.97%. The firm had revenue of $177.36 million for the quarter, compared to analyst estimates of $160.93 million. Analysts forecast that Viad will post 0.63 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Viad by 0.4% in the 1st quarter. BlackRock Inc. now owns 3,251,400 shares of the business services provider’s stock valued at $115,881,000 after buying an additional 11,979 shares during the period. Victory Capital Management Inc. lifted its stake in Viad by 16.1% in the first quarter. Victory Capital Management Inc. now owns 2,341,745 shares of the business services provider’s stock worth $83,460,000 after acquiring an additional 324,065 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Viad in the fourth quarter worth approximately $61,969,000. Vanguard Group Inc. lifted its stake in Viad by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,335,217 shares of the business services provider’s stock worth $47,587,000 after acquiring an additional 41,112 shares during the last quarter. Finally, Blue Grotto Capital LLC lifted its stake in Viad by 22.8% in the first quarter. Blue Grotto Capital LLC now owns 814,540 shares of the business services provider’s stock worth $29,030,000 after acquiring an additional 151,137 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

About Viad (Get Rating)

Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, Continental Europe, the United Arab Emirates, and Iceland. It operates through two segments, Pursuit and GES. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.

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