Viad (NYSE:VVI) Reaches New 1-Year High – What’s Next?

Viad Corp (NYSE:VVI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.02 and last traded at $47.02, with a volume of 27500 shares. The stock had previously closed at $41.54.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com raised Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $41.00 price objective on shares of Viad in a research note on Tuesday, September 17th. Finally, B. Riley reiterated a “buy” rating and set a $42.00 price target (down previously from $46.00) on shares of Viad in a report on Monday, August 12th.

Viad Stock Up 12.3 %

The firm has a market capitalization of $986.69 million, a P/E ratio of 159.73, a price-to-earnings-growth ratio of 2.34 and a beta of 2.04. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a fifty day moving average of $36.09 and a 200 day moving average of $34.96.

Viad (NYSE:VVI) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.20. The company had revenue of $378.54 million during the quarter, compared to analyst estimates of $358.72 million. Viad had a net margin of 2.30% and a return on equity of 29.43%. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, research analysts anticipate that Viad Corp will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Viad

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Viad by 15.2% in the third quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock worth $73,174,000 after purchasing an additional 269,440 shares in the last quarter. Bank of Montreal Can purchased a new position in Viad in the 2nd quarter valued at approximately $2,380,000. River Road Asset Management LLC raised its holdings in Viad by 3.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after acquiring an additional 67,292 shares during the period. Millennium Management LLC raised its holdings in Viad by 36.8% during the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock valued at $5,026,000 after acquiring an additional 39,796 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Viad by 455.5% during the second quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock worth $1,172,000 after acquiring an additional 28,262 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Viad Company Profile

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.