Viad Corp (VVI) Given $57.25 Consensus Price Target by Brokerages
Viad Corp (NYSE:VVI) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Viad Corp’s rating score has declined by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $57.25 for the company and are forecasting that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viad Corp an industry rank of 197 out of 265 based on the ratings given to its competitors.
A number of analysts have recently issued reports on VVI shares. Zacks Investment Research upgraded shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a report on Saturday, July 29th. BidaskClub upgraded shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th.
Viad Corp (NYSE:VVI) traded down $1.05 during mid-day trading on Friday, reaching $55.55. The company had a trading volume of 91,728 shares, compared to its average volume of 83,108. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.53 and a current ratio of 0.62. The firm has a market capitalization of $1,130.00, a P/E ratio of 20.45 and a beta of 0.51. Viad Corp has a fifty-two week low of $40.05 and a fifty-two week high of $61.85.
Viad Corp (NYSE:VVI) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.02. Viad Corp had a net margin of 5.86% and a return on equity of 14.64%. The company had revenue of $339.10 million for the quarter, compared to the consensus estimate of $327.59 million. During the same period last year, the company earned $1.74 earnings per share. The firm’s revenue was down 11.3% compared to the same quarter last year. analysts anticipate that Viad Corp will post 2.59 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of Viad Corp by 14.0% in the second quarter. Sei Investments Co. now owns 24,147 shares of the business services provider’s stock valued at $1,141,000 after purchasing an additional 2,963 shares during the last quarter. KBC Group NV grew its stake in shares of Viad Corp by 17.6% in the second quarter. KBC Group NV now owns 25,741 shares of the business services provider’s stock valued at $1,216,000 after buying an additional 3,850 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Viad Corp by 30.3% in the first quarter. UBS Asset Management Americas Inc. now owns 8,599 shares of the business services provider’s stock valued at $389,000 after buying an additional 2,000 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Viad Corp in the second quarter valued at $1,301,000. Finally, Prudential Financial Inc. grew its stake in shares of Viad Corp by 16.2% in the second quarter. Prudential Financial Inc. now owns 73,292 shares of the business services provider’s stock valued at $3,463,000 after buying an additional 10,240 shares in the last quarter. Institutional investors own 86.28% of the company’s stock.
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Viad Corp Company Profile
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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