Zacks: Viad Corp (NYSE:VVI) Given Average Recommendation of “Buy” by Analysts
Shares of Viad Corp (NYSE:VVI) have been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 1 year consensus target price of $85.00 for the company and are forecasting that the company will post ($0.10) EPS for the current quarter, according to Zacks. Zacks has also assigned Viad an industry rank of 87 out of 255 based on the ratings given to its competitors.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Viad from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 26th. ValuEngine upgraded Viad from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.
A number of large investors have recently modified their holdings of VVI. JPMorgan Chase & Co. increased its position in shares of Viad by 16.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 44,023 shares of the business services provider’s stock valued at $2,900,000 after purchasing an additional 6,105 shares during the last quarter. Bank of Montreal Can increased its position in shares of Viad by 242.3% during the 2nd quarter. Bank of Montreal Can now owns 2,372 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 1,679 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Viad by 10.6% in the 2nd quarter. Renaissance Technologies LLC now owns 76,400 shares of the business services provider’s stock worth $5,061,000 after acquiring an additional 7,300 shares during the last quarter. Northern Trust Corp increased its holdings in Viad by 1.1% in the 2nd quarter. Northern Trust Corp now owns 372,325 shares of the business services provider’s stock worth $24,662,000 after acquiring an additional 4,079 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Viad by 6.0% in the 2nd quarter. BlackRock Inc. now owns 3,220,576 shares of the business services provider’s stock worth $213,330,000 after acquiring an additional 182,633 shares during the last quarter. Institutional investors and hedge funds own 88.19% of the company’s stock.
Shares of VVI traded up $1.26 during trading hours on Friday, reaching $70.04. The stock had a trading volume of 163,331 shares, compared to its average volume of 84,265. Viad has a 12 month low of $51.13 and a 12 month high of $72.27. The firm has a 50-day simple moving average of $66.78 and a 200 day simple moving average of $66.19. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 58.86 and a beta of 0.66.
Viad (NYSE:VVI) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.13). Viad had a return on equity of 10.22% and a net margin of 1.83%. The firm had revenue of $362.50 million during the quarter, compared to the consensus estimate of $357.45 million. During the same quarter in the prior year, the business earned $1.72 earnings per share. Viad’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Viad will post 2.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, December 13th. Viad’s dividend payout ratio (DPR) is presently 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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