The stock of Viad Corp (NYSE:VVI) hit a new 52-week high and has $56.45 target or 42.00% above today’s $39.75 share price. The 5 months bullish chart indicates low risk for the $805.22M company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $56.45 price target is reached, the company will be worth $338.19M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 159,077 shares traded hands or 79.69% up from the average. Viad Corp (NYSE:VVI) has risen 27.19% since March 28, 2016 and is uptrending. It has outperformed by 22.48% the S&P500.
Analysts await Viad Corp (NYSE:VVI) to report earnings on November, 3. They expect $1.54 EPS, up 294.87% or $1.15 from last year’s $0.39 per share. VVI’s profit will be $31.20M for 6.45 P/E if the $1.54 EPS becomes a reality. After $1.04 actual EPS reported by Viad Corp for the previous quarter, Wall Street now forecasts 48.08% EPS growth.
According to Zacks Investment Research, “Viad Corp. is comprised of operating companies and a division which constitute a diversified services business. Most of Viad’s services are provided to businesses for use by their customers. Accordingly, the corporation markets its services through retail and financial locations, primarily in the U.S., to numerous trade show organizers and exhibitors, and others.”
Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.09, from 1.29 in 2016Q1. The ratio fall, as 10 funds sold all Viad Corp shares owned while 45 reduced positions. 15 funds bought stakes while 51 increased positions. They now own 17.76 million shares or 0.09% more from 17.74 million shares in 2016Q1.
The Germany-based Allianz Asset Management Ag has invested 0% in Viad Corp (NYSE:VVI). The Massachusetts-based Boston has invested 0% in Viad Corp (NYSE:VVI). Hancock last reported 32,000 shares in the company. Moreover, Deutsche Bank Ag has 0% invested in Viad Corp (NYSE:VVI) for 33,594 shares. Goldman Sachs accumulated 21,724 shares or 0% of the stock. Rothschild Asset Mngmt last reported 206,484 shares in the company. Northpointe Cap Ltd Llc reported 439,426 shares or 1.61% of all its holdings. Blackrock Gru Limited has 27,591 shares for 0% of their US portfolio. Sei Co holds 0% of its portfolio in Viad Corp (NYSE:VVI) for 9,296 shares. Gmt holds 1.44% of its portfolio in Viad Corp (NYSE:VVI) for 1.92 million shares. Susquehanna Group Ltd Liability Partnership accumulated 19,282 shares or 0% of the stock. Texas Permanent School Fund holds 0.01% of its portfolio in Viad Corp (NYSE:VVI) for 15,484 shares. Pnc Finance Services Gru accumulated 5,093 shares or 0% of the stock. Martingale Asset Management L P holds 17,717 shares or 0.01% of its portfolio. New York State Common Retirement Fund holds 19,800 shares or 0% of its portfolio.
Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 1 sale for $71,736 net activity. MUNZENRIDER ROBERT E also sold $71,736 worth of Viad Corp (NYSE:VVI) on Monday, August 22.
More notable recent Viad Corp (NYSE:VVI) news were published by: Reuters.com which released: “BRIEF-Viad Corp delivers strong third quarter 2016 results” on October 27, 2016, also Prnewswire.com with their article: “Viad Corp Schedules Third Quarter 2016 Earnings Call” published on October 03, 2016, Streetinsider.com published: “Viad Corp. (VVI) Acquires ON Event Services” on August 11, 2016. More interesting news about Viad Corp (NYSE:VVI) were released by: Prnewswire.com and their article: “Viad Corp Acquires Jasper National Park Based Attraction” published on January 05, 2016 as well as Prnewswire.com‘s news article titled: “Viad Corp Hires President For Its Travel & Recreation Group” with publication date: June 15, 2015.
VVI Company Profile
Viad Corp, incorporated on December 16, 1991, is an international experiential services company. The Firm has activities in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Firm conducts its activities through three business divisions: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group. The Marketing & Events Group, which includes the activities of Global Experience Specialists, Inc. (GES), is a global well-known provider for live events. The Travel & Recreation Group provides experiential travel services in iconic locations.
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