Viad Corp (NYSE:VVI – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $35.29, but opened at $34.08. Viad shares last traded at $33.50, with a volume of 45,088 shares traded.
Analyst Upgrades and Downgrades
VVI has been the subject of several analyst reports. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. B. Riley restated a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Viad in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.
Get Our Latest Analysis on VVI
Viad Stock Down 3.1 %
Viad (NYSE:VVI – Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). Viad had a net margin of 0.96% and a return on equity of 13.05%. The business had revenue of $291.68 million for the quarter, compared to analysts’ expectations of $277.81 million. Analysts expect that Viad Corp will post 2.04 earnings per share for the current fiscal year.
Institutional Trading of Viad
Several institutional investors and hedge funds have recently modified their holdings of the stock. AJOVista LLC bought a new position in shares of Viad during the fourth quarter valued at approximately $54,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Viad by 100.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 2,587 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Viad in the 3rd quarter valued at $161,000. Advisory Services Network LLC bought a new position in shares of Viad in the 4th quarter worth $163,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Viad during the 3rd quarter worth $205,000. Institutional investors own 89.91% of the company’s stock.
Viad Company Profile
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.
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