Pursuit Attractions and Hospitality (NYSE:PRSU) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Pursuit Attractions and Hospitality from “hold” to “strong buy,” while the broader analyst consensus remains “buy” with an average price target of $54.75.
• PRSU shares opened at $52.73 and have risen 0.8%, with a market capitalization of approximately $1.44 billion; the stock has traded between $32.03 and $56.51 over the past year.
• The company slightly beat quarterly earnings expectations, reporting $0.50 in EPS versus the $0.49 consensus on $133.49 million in revenue. Institutional investors own approximately 89.91% of the shares.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday, Zacks reports.

PRSU has been the topic of a number of other reports. Citizens Jmp began coverage on shares of Pursuit Attractions and Hospitality in a report on Friday, September 25th. They issued a "market outperform" rating and a $64.00 target price on the stock. Weiss Ratings cut shares of Pursuit Attractions and Hospitality from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Jefferies Financial Group started coverage on Pursuit Attractions and Hospitality in a report on Wednesday, September 9th. They issued a "buy" rating and a $61.00 price target for the company. Finally, Citigroup started coverage on Pursuit Attractions and Hospitality in a research note on Friday, September 25th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $54.75.

Pursuit Attractions and Hospitality Trading Up 0.8%

Shares of PRSU stock opened at $52.73 on Monday. The stock has a market cap of $1.44 billion, a P/E ratio of 39.65, a P/E/G ratio of 1.95 and a beta of 1.43. The company has a quick ratio of 1.47, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. Pursuit Attractions and Hospitality has a fifty-two week low of $32.03 and a fifty-two week high of $56.51. The business has a fifty day simple moving average of $48.98 and a 200-day simple moving average of $46.67.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.01. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. The firm had revenue of $133.49 million for the quarter. On average, analysts forecast that Pursuit Attractions and Hospitality will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sims Investment Management LLC lifted its holdings in shares of Pursuit Attractions and Hospitality by 0.7% during the 1st quarter. Sims Investment Management LLC now owns 37,158 shares of the company's stock valued at $1,361,000 after acquiring an additional 260 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Pursuit Attractions and Hospitality by 6.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,423 shares of the company's stock valued at $528,000 after buying an additional 859 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Pursuit Attractions and Hospitality by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 104,477 shares of the company's stock valued at $3,827,000 after buying an additional 2,018 shares during the period. AXQ Capital LP acquired a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $226,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $293,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

About Pursuit Attractions and Hospitality

Pursuit Attractions and Hospitality, Inc operates a portfolio of experiential travel businesses in North America. The company combines destination attractions, guided tours, lodging, and related hospitality services in scenic gateway destinations.

Its offerings include sightseeing and adventure experiences such as mountain gondolas, glacier excursions, scenic tours, wildlife and marine tours, and other destination-based activities. Pursuit also operates hotels, lodges, campgrounds, restaurants, retail outlets, and transportation services designed to support travelers visiting national parks and other prominent natural attractions.

The company serves visitors in destinations across Canada and the United States, including the Canadian Rockies, Alaska, and Montana's Glacier National Park region.

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