Viad Corp (VVI) Upgraded to Strong-Buy at BidaskClub

Viad Corp (NYSE:VVI) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Monday, July 24th.

Separately, Zacks Investment Research lowered shares of Viad Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.

Viad Corp (NYSE:VVI) opened at 52.50 on Monday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 16.56 and a beta of 0.54. Viad Corp has a 52-week low of $34.40 and a 52-week high of $54.75. The stock has a 50 day moving average of $50.51 and a 200-day moving average of $46.46.

Viad Corp (NYSE:VVI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.96 by $0.26. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. The company had revenue of $364.77 million during the quarter, compared to analysts’ expectations of $347.35 million. During the same period last year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts expect that Viad Corp will post $2.76 EPS for the current year.

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Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Viad Corp by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,240 shares of the business services provider’s stock worth $101,000 after buying an additional 40 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Viad Corp during the second quarter valued at $107,000. SG Americas Securities LLC acquired a new position in shares of Viad Corp during the second quarter valued at $120,000. Asset Management One Co. Ltd. acquired a new position in shares of Viad Corp during the first quarter valued at $151,000. Finally, LS Investment Advisors LLC raised its position in shares of Viad Corp by 374.8% in the first quarter. LS Investment Advisors LLC now owns 3,509 shares of the business services provider’s stock valued at $159,000 after buying an additional 2,770 shares during the last quarter. 87.02% of the stock is owned by institutional investors and hedge funds.

Viad Corp Company Profile

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.

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