Brokerages Set $75.00 Target Price 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 analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 12 month consensus price objective of $75.00 for the company and are predicting that the company will post $1.37 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 67 out of 256 based on the ratings given to its competitors.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday. ValuEngine downgraded shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Investors Research Corp purchased a new stake in Viad in the 1st quarter valued at about $28,000. Quantamental Technologies LLC grew its holdings in shares of Viad by 111.3% during the 1st quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock worth $64,000 after purchasing an additional 600 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Viad during the 1st quarter worth about $206,000. BNP Paribas Arbitrage SA grew its holdings in shares of Viad by 904.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,248 shares of the business services provider’s stock worth $239,000 after purchasing an additional 3,825 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Viad during the 4th quarter worth about $243,000. Institutional investors own 89.03% of the company’s stock.
Shares of NYSE:VVI traded down $0.38 during midday trading on Monday, hitting $69.96. 120,946 shares of the stock were exchanged, compared to its average volume of 91,864. The company has a market capitalization of $1.43 billion, a PE ratio of 29.90 and a beta of 0.70. 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 twelve month low of $46.17 and a twelve month high of $71.11. The firm has a 50 day simple moving average of $66.92.
Viad (NYSE:VVI) last announced its earnings results on Thursday, April 25th. The business services provider reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.76) by $0.25. Viad had a net margin of 3.13% and a return on equity of 10.56%. The firm had revenue of $285.60 million during the quarter, compared to the consensus estimate of $272.40 million. During the same quarter in the previous year, the company posted ($0.49) EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Viad will post 2.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, June 6th. Viad’s dividend payout ratio (DPR) is 17.09%.
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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