Viad Corp. (NYSE:VVI) Given $42.00 Average Price Target by Brokerages
Viad Corp. (NYSE:VVI) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus price objective of $42.00 for the company and are predicting that the company will post $1.54 EPS for the current quarter, according to Zacks. Zacks has also assigned Viad Corp. an industry rank of 168 out of 265 based on the ratings given to its competitors.
Several research analysts have recently commented on VVI shares. B. Riley reissued a “buy” rating and issued a $42.00 target price on shares of Viad Corp. in a report on Wednesday, August 17th. Zacks Investment Research downgraded Viad Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/viad-corp-nysevvi-given-42-00-average-price-target-by-brokerages.html
Shares of Viad Corp. (NYSE:VVI) traded up 0.82% during trading on Monday, hitting $35.55. The company had a trading volume of 18,236 shares. Viad Corp. has a 12-month low of $25.90 and a 12-month high of $37.85. The firm has a 50 day moving average of $36.27 and a 200 day moving average of $32.61. The stock has a market cap of $721.13 million, a PE ratio of 38.39 and a beta of 0.92.
Viad Corp. (NYSE:VVI) last announced its earnings results on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.82 by $0.22. The business had revenue of $324.70 million for the quarter, compared to the consensus estimate of $304.90 million. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. Viad Corp.’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. On average, analysts forecast that Viad Corp. will post $2.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, September 7th. Viad Corp.’s dividend payout ratio is 43.48%.
In other Viad Corp. news, Director Robert E. Munzenrider sold 2,000 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $35.87, for a total transaction of $71,740.00. Following the transaction, the director now owns 22,106 shares of the company’s stock, valued at approximately $792,942.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.
Several hedge funds have recently modified their holdings of VVI. GMT Capital Corp boosted its stake in shares of Viad Corp. by 5.4% in the second quarter. GMT Capital Corp now owns 1,916,781 shares of the company’s stock valued at $59,420,000 after buying an additional 99,038 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Viad Corp. by 19.1% in the first quarter. Loomis Sayles & Co. L P now owns 425,032 shares of the company’s stock valued at $12,394,000 after buying an additional 68,289 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Viad Corp. by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 266,927 shares of the company’s stock valued at $7,783,000 after buying an additional 64,950 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Viad Corp. by 4.6% in the second quarter. BlackRock Fund Advisors now owns 1,361,241 shares of the company’s stock valued at $42,198,000 after buying an additional 59,846 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its stake in shares of Viad Corp. by 99.2% in the second quarter. Hartford Investment Management Co. now owns 112,899 shares of the company’s stock valued at $3,500,000 after buying an additional 56,211 shares during the last quarter. Institutional investors own 88.32% of the company’s stock.
About Viad Corp.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Viad Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad Corp. and related companies with MarketBeat.com's FREE daily email newsletter.