Viad (NYSE:VVI) Price Target Raised to $54.00 at Oppenheimer

Viad (NYSE:VVI) had its price target increased by Oppenheimer from $41.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 22.01% from the company’s current price.

A number of other analysts have also recently commented on the stock. StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. B. Riley reissued a “buy” rating and issued a $42.00 price objective (down from $46.00) on shares of Viad in a research note on Monday, August 12th.

Viad Stock Down 0.8 %

Shares of NYSE VVI traded down $0.36 during midday trading on Wednesday, hitting $44.26. The stock had a trading volume of 8,487 shares, compared to its average volume of 100,124. The company has a market cap of $938.31 million, a P/E ratio of 89.24, a PEG ratio of 2.76 and a beta of 2.04. The business’s 50 day moving average is $36.74 and its 200-day moving average is $35.16. Viad has a 52 week low of $29.46 and a 52 week high of $47.49. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01.

Viad (NYSE:VVI) last announced its earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The business had revenue of $455.70 million during the quarter, compared to analysts’ expectations of $437.10 million. During the same period in the prior year, the company earned $1.49 earnings per share. As a group, analysts predict that Viad will post 1.1 EPS for the current year.

Hedge Funds Weigh In On Viad

Several institutional investors have recently bought and sold shares of VVI. BNP Paribas Financial Markets lifted its position in Viad by 5.4% during the first quarter. BNP Paribas Financial Markets now owns 25,655 shares of the business services provider’s stock valued at $1,013,000 after purchasing an additional 1,317 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in Viad by 2.3% during the first quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock valued at $723,000 after purchasing an additional 414 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Viad by 5.2% during the first quarter. Illinois Municipal Retirement Fund now owns 12,609 shares of the business services provider’s stock valued at $498,000 after purchasing an additional 619 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Viad by 6.7% in the 1st quarter. Sei Investments Co. now owns 132,081 shares of the business services provider’s stock worth $5,216,000 after acquiring an additional 8,257 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Viad by 27.6% in the 1st quarter. Russell Investments Group Ltd. now owns 15,457 shares of the business services provider’s stock worth $610,000 after acquiring an additional 3,347 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

About Viad

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.