Viad Corp (VVI) Upgraded at BidaskClub
Viad Corp (NYSE:VVI) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Monday.
Separately, Zacks Investment Research cut shares of Viad Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th.
Shares of Viad Corp (NYSE:VVI) traded down 0.30% during midday trading on Monday, reaching $49.15. The company’s stock had a trading volume of 175,255 shares. The company has a market capitalization of $1.00 billion, a P/E ratio of 17.82 and a beta of 0.51. Viad Corp has a 12-month low of $31.56 and a 12-month high of $49.55. The company’s 50-day moving average price is $46.94 and its 200 day moving average price is $45.33.
Viad Corp (NYSE:VVI) last issued its quarterly earnings results on Friday, April 28th. The business services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.16. Viad Corp had a net margin of 4.35% and a return on equity of 16.45%. The company had revenue of $325.81 million during the quarter, compared to analysts’ expectations of $312.15 million. During the same quarter last year, the company posted ($0.30) EPS. The firm’s revenue was up 35.0% compared to the same quarter last year. On average, equities research analysts forecast that Viad Corp will post $2.46 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in VVI. BlackRock Inc. boosted its stake in Viad Corp by 68,605.4% in the first quarter. BlackRock Inc. now owns 2,476,143 shares of the business services provider’s stock valued at $111,922,000 after buying an additional 2,472,539 shares during the period. FMR LLC purchased a new stake in Viad Corp during the first quarter valued at about $21,696,000. Norges Bank purchased a new stake in Viad Corp during the fourth quarter valued at about $14,781,000. Bank of New York Mellon Corp boosted its stake in Viad Corp by 33.8% in the first quarter. Bank of New York Mellon Corp now owns 390,385 shares of the business services provider’s stock valued at $17,644,000 after buying an additional 98,638 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Viad Corp by 11.6% in the first quarter. Wells Fargo & Company MN now owns 660,384 shares of the business services provider’s stock valued at $29,849,000 after buying an additional 68,738 shares during the period. 86.78% of the stock is owned by institutional investors and hedge funds.
About Viad Corp
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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