Viad (NYSE:VVI) Shares Gap Down to $35.29

Viad Corp (NYSE:VVI)’s share price gapped down prior to trading on Friday . The stock had previously closed at $35.29, but opened at $34.08. Viad shares last traded at $33.50, with a volume of 45,088 shares changing hands.

Analyst Upgrades and Downgrades

VVI has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating and issued a $50.00 target price (up previously from $46.00) on shares of Viad in a research report on Wednesday, March 6th. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Viad currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Viad Stock Down 3.1 %

The company has a market capitalization of $722.30 million, a P/E ratio of -90.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.97. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 3.35. The stock’s fifty day moving average is $36.26 and its 200 day moving average is $33.73.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.09). The firm had revenue of $291.68 million for the quarter, compared to the consensus estimate of $277.81 million. Viad had a net margin of 0.61% and a return on equity of 12.04%. Research analysts predict that Viad Corp will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Viad

A number of hedge funds and other institutional investors have recently made changes to their positions in VVI. SG Americas Securities LLC bought a new position in Viad in the 3rd quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Viad by 100.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock worth $135,000 after buying an additional 2,587 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Viad by 51.1% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider’s stock valued at $2,395,000 after acquiring an additional 30,915 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Viad by 56.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 43,607 shares of the business services provider’s stock worth $1,143,000 after acquiring an additional 15,655 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Viad in the 3rd quarter valued at approximately $329,000. Institutional investors own 89.91% of the company’s stock.

Viad Company Profile

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.