Viad (NYSE:VVI) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Viad (NYSE:VVIFree Report) from a sell rating to a hold rating in a report published on Thursday morning.

A number of other analysts have also recently issued reports on VVI. B. Riley reiterated a buy rating and set a $50.00 target price (up previously from $46.00) on shares of Viad in a report on Wednesday, March 6th. TheStreet upgraded Viad from a d+ rating to a c- rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $44.33.

View Our Latest Report on VVI

Viad Trading Up 0.7 %

Viad stock opened at $33.99 on Thursday. The stock has a market cap of $718.10 million, a PE ratio of -90.18, a P/E/G ratio of 1.38 and a beta of 1.97. The stock has a 50-day moving average price of $35.80 and a 200 day moving average price of $34.84. Viad has a 52 week low of $22.66 and a 52 week high of $39.98. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67.

Viad (NYSE:VVIGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.98) by ($0.15). The business had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $271.11 million. Viad had a net margin of 0.61% and a return on equity of 12.70%. Equities research analysts predict that Viad will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

Several large investors have recently added to or reduced their stakes in the stock. AJOVista LLC bought a new position in shares of Viad in the fourth quarter worth $54,000. Advisory Services Network LLC bought a new position in shares of Viad in the fourth quarter worth $163,000. Hsbc Holdings PLC bought a new position in shares of Viad in the third quarter worth $205,000. Arizona State Retirement System bought a new position in shares of Viad in the fourth quarter worth $211,000. Finally, Bailard Inc. bought a new position in Viad during the fourth quarter valued at about $212,000. 89.91% of the stock is owned by institutional investors and hedge funds.

About Viad

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Viad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad and related companies with MarketBeat.com's FREE daily email newsletter.