Viad (NYSE:VVI) Shares Gap Down to $35.29

Viad Corp (NYSE:VVI - Get Free Report)'s stock price gapped down prior to trading 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 changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TheStreet upgraded Viad from a "d+" rating to a "c-" rating in a research note on Wednesday, March 20th. B. Riley reissued a "buy" rating and set a $50.00 price target (up from $46.00) on shares of Viad in a research note on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.33.

Viad Stock Down 3.1 %

The firm has a market cap of $722.30 million, a P/E ratio of -185.78, a PEG ratio of 1.12 and a beta of 1.97. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 3.35. The stock's 50-day simple moving average is $36.27 and its 200 day simple moving average is $33.61.

Viad (NYSE:VVI - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.09). The business had revenue of $291.68 million during the quarter, compared to analyst estimates of $277.81 million. Viad had a net margin of 0.96% and a return on equity of 13.05%. As a group, research analysts forecast that Viad Corp will post 2.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in shares of Viad in the fourth quarter worth approximately $54,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 during the period. SG Americas Securities LLC purchased a new stake in shares of Viad during the 3rd quarter worth approximately $161,000. Advisory Services Network LLC bought a new stake in shares of Viad in the 4th quarter worth approximately $163,000. Finally, Hsbc Holdings PLC purchased a new position in Viad in the third quarter valued at approximately $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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