Several other equities research analysts have also recently commented on the company. Craig Hallum assumed coverage on Viad in a research note on Wednesday, June 28th. They issued a “buy” rating and a $40.00 target price for the company. TheStreet upgraded Viad from a “d+” rating to a “c” rating in a research report on Monday, August 14th. Oppenheimer raised their price target on Viad from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Finally, B. Riley raised their price target on Viad from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.
Viad Trading Down 0.6 %
Viad (NYSE:VVI – Get Free Report) last released its earnings results on Thursday, August 3rd. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $320.31 million during the quarter, compared to analysts’ expectations of $302.28 million. Viad had a return on equity of 2.70% and a net margin of 1.68%. Analysts expect that Viad will post 0.25 EPS for the current fiscal year.
Institutional Trading of Viad
A number of institutional investors have recently modified their holdings of VVI. Royal Bank of Canada lifted its holdings in shares of Viad by 76.8% in the third quarter. Royal Bank of Canada now owns 882 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 383 shares in the last quarter. UBS Group AG raised its holdings in Viad by 191.8% during the third quarter. UBS Group AG now owns 922 shares of the business services provider’s stock worth $29,000 after acquiring an additional 606 shares in the last quarter. Captrust Financial Advisors increased its position in Viad by 211.5% during the first quarter. Captrust Financial Advisors now owns 894 shares of the business services provider’s stock worth $32,000 after buying an additional 607 shares during the last quarter. Covestor Ltd acquired a new position in Viad during the first quarter worth approximately $61,000. Finally, Public Employees Retirement System of Ohio increased its position in Viad by 733.7% during the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the business services provider’s stock worth $76,000 after buying an additional 3,221 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.
Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, the United Arab Emirates, Netherlands, and Iceland. It operates through Pursuit, Spiro, and GES Exhibitions segments. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.
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