Zacks: Brokerages Set $57.25 Price Target for Viad Corp (VVI)

Shares of Viad Corp (NYSE:VVI) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Viad’s rating score has declined by 50% in the last 90 days as a result of various analysts’ ratings changes.

Brokerages have set a 12 month consensus target price of $57.25 for the company and are expecting that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also given Viad an industry rank of 180 out of 265 based on the ratings given to its competitors.

Several research analysts have issued reports on VVI shares. Zacks Investment Research downgraded shares of Viad from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine raised shares of Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

In other news, Director Robert E. Munzenrider sold 2,100 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $56.01, for a total value of $117,621.00. Following the completion of the sale, the director now owns 21,179 shares in the company, valued at approximately $1,186,235.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VVI. Acrospire Investment Management LLC acquired a new stake in shares of Viad in the 2nd quarter worth $107,000. SG Americas Securities LLC acquired a new stake in shares of Viad in the 2nd quarter worth $120,000. Violich Capital Management Inc. acquired a new stake in shares of Viad in the 3rd quarter worth $202,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Viad in the 2nd quarter worth $208,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Viad in the 3rd quarter worth $215,000. Institutional investors own 86.07% of the company’s stock.

Viad (NYSE VVI) opened at $54.70 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.71 and a quick ratio of 0.60. The company has a market cap of $1,166.52, a price-to-earnings ratio of 14.82 and a beta of 0.51. Viad has a 52-week low of $42.05 and a 52-week high of $61.85.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. Viad had a net margin of 5.86% and a return on equity of 13.91%. 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 firm posted $1.74 EPS. Viad’s revenue for the quarter was down 11.3% on a year-over-year basis. research analysts predict that Viad will post 2.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, December 14th. Viad’s payout ratio is currently 10.84%.

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About Viad

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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