Zacks: Brokerages Set $85.00 Price Target for Viad Corp (NYSE:VVI)

Viad Corp (NYSE:VVI) has been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a one year consensus target price of $85.00 for the company and are anticipating that the company will post $1.70 EPS for the current quarter, according to Zacks. Zacks has also given Viad an industry rank of 156 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have recently commented on the company. ValuEngine raised Viad from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised Viad from a “hold” rating to a “strong-buy” rating and set a $80.00 price target on the stock in a report on Friday, July 19th.

VVI stock traded down $0.68 during midday trading on Tuesday, hitting $68.34. The company had a trading volume of 64,043 shares, compared to its average volume of 107,811. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.11. Viad has a 52 week low of $46.17 and a 52 week high of $72.27. The firm has a 50 day moving average price of $68.26. The company has a market capitalization of $1.40 billion, a PE ratio of 29.21 and a beta of 0.67.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.07. Viad had a return on equity of 11.55% and a net margin of 2.32%. The firm had revenue of $402.30 million during the quarter, compared to the consensus estimate of $398.50 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that Viad will post 2.75 EPS for the current year.

In other Viad news, Director Robert E. Munzenrider sold 2,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $62.91, for a total value of $125,820.00. Following the transaction, the director now owns 21,025 shares of the company’s stock, valued at $1,322,682.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Investors Research Corp purchased a new position in Viad during the 1st quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new position in shares of Viad during the second quarter valued at approximately $32,000. Quantamental Technologies LLC raised its holdings in shares of Viad by 111.3% during the first quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 600 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Viad during the first quarter valued at approximately $206,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Viad by 904.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,248 shares of the business services provider’s stock valued at $239,000 after acquiring an additional 3,825 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors.

Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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