Viad (NYSE:VVI) Price Target Raised to $54.00 at Oppenheimer

Viad (NYSE:VVI - Free Report) had its price objective upped by Oppenheimer from $41.00 to $54.00 in a research note published on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider's stock.

VVI has been the topic of a number of other research reports. B. Riley restated 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. StockNews.com upgraded shares of Viad from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th.

Viad Price Performance

NYSE:VVI traded down $1.32 during trading hours on Wednesday, reaching $43.30. 254,718 shares of the company's stock were exchanged, compared to its average volume of 101,243. The company has a market capitalization of $917.96 million, a P/E ratio of 86.60, a price-to-earnings-growth ratio of 2.70 and a beta of 2.04. Viad has a 12 month low of $29.46 and a 12 month high of $47.49. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. The business's 50-day simple moving average is $36.94 and its two-hundred day simple moving average is $35.22.

Viad (NYSE:VVI - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The firm had revenue of $455.70 million during the quarter, compared to analyst estimates of $437.10 million. During the same quarter last year, the business posted $1.49 EPS. Sell-side analysts expect that Viad will post 1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Viad during the 2nd quarter worth about $38,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Viad by 63.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider's stock worth $152,000 after purchasing an additional 1,748 shares during the period. Lazard Asset Management LLC bought a new position in shares of Viad during the 1st quarter worth about $228,000. GSA Capital Partners LLP bought a new position in shares of Viad during the 3rd quarter worth about $210,000. Finally, Squarepoint Ops LLC bought a new position in shares of Viad during the 2nd quarter worth about $228,000. Institutional investors own 89.91% of the company's stock.

About Viad

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.