Shares of Viad Corp (NYSE:VVI) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Viad Corp’s rating score has declined by 100% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price objective of $49.25 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Viad Corp an industry rank of 210 out of 265 based on the ratings given to its competitors.
A number of equities analysts have commented on VVI shares. Northcoast Research reissued a “neutral” rating on shares of Viad Corp in a research note on Monday, February 13th. Zacks Investment Research cut shares of Viad Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Finally, B. Riley reissued a “buy” rating and issued a $49.25 price target on shares of Viad Corp in a research note on Tuesday, March 14th.
Viad Corp (NYSE:VVI) traded down 1.054% on Friday, reaching $44.575. 96,996 shares of the company’s stock traded hands. The company’s 50 day moving average is $44.81 and its 200-day moving average is $43.32. Viad Corp has a 52-week low of $27.96 and a 52-week high of $48.30. The stock has a market cap of $906.08 million, a price-to-earnings ratio of 21.369 and a beta of 0.51.
Viad Corp (NYSE:VVI) last released its quarterly earnings results on Thursday, February 9th. The business services provider reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. Viad Corp had a net margin of 3.51% and a return on equity of 13.54%. The business earned $256.40 million during the quarter, compared to analysts’ expectations of $253.37 million. During the same quarter in the previous year, the company earned ($0.01) EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Viad Corp will post $2.53 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 10th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%. Viad Corp’s dividend payout ratio is presently 19.23%.
ILLEGAL ACTIVITY WARNING: “Zacks: Viad Corp (VVI) Receives Average Recommendation of “Buy” from Analysts” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.themarketsdaily.com/2017/04/21/zacks-analysts-set-49-25-price-target-for-viad-corp-vvi-updated.html.
A number of institutional investors have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. boosted its position in Viad Corp by 0.3% in the third quarter. 1st Global Advisors Inc. now owns 9,262 shares of the business services provider’s stock worth $341,000 after buying an additional 26 shares in the last quarter. California Public Employees Retirement System boosted its position in Viad Corp by 3.1% in the third quarter. California Public Employees Retirement System now owns 29,600 shares of the business services provider’s stock worth $1,091,000 after buying an additional 900 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Viad Corp by 6.0% in the third quarter. Great West Life Assurance Co. Can now owns 26,847 shares of the business services provider’s stock worth $989,000 after buying an additional 1,519 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Viad Corp by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 14,591 shares of the business services provider’s stock worth $538,000 after buying an additional 285 shares during the period. Finally, Northpointe Capital LLC boosted its stake in shares of Viad Corp by 8.9% in the third quarter. Northpointe Capital LLC now owns 478,376 shares of the business services provider’s stock worth $17,638,000 after buying an additional 38,950 shares during the period. 84.39% of the stock is owned by institutional investors and hedge funds.
About Viad Corp
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Viad Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad Corp and related companies with MarketBeat.com's FREE daily email newsletter.