Pursuit Attractions and Hospitality (NYSE:PRSU) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Key Points

• Jefferies upgraded Pursuit Attractions and Hospitality to “strong buy.” The stock has a consensus “Moderate Buy” rating and an average price target of $51.67, though other analysts recently downgraded their recommendations.
• PRSU shares opened at $48.02, up 0.6%, with a market capitalization of approximately $1.31 billion. The company recently reported quarterly EPS of $0.50, slightly above the $0.49 consensus estimate, on $133.49 million in revenue.
• Institutional investors own 89.91% of the company, with several funds recently initiating or increasing positions. Analysts expect full-year earnings of approximately $1.79 per share.

Pursuit Attractions and Hospitality (NYSE:PRSU - Get Free Report) was upgraded by analysts at Jefferies Financial Group to a "strong-buy" rating in a research note issued on Wednesday, Zacks reports.

Several other research firms also recently weighed in on PRSU. Weiss Ratings downgraded Pursuit Attractions and Hospitality from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 4th. Zacks Research cut shares of Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.67.

Pursuit Attractions and Hospitality Stock Up 0.6%

Pursuit Attractions and Hospitality stock opened at $48.02 on Wednesday. Pursuit Attractions and Hospitality has a fifty-two week low of $32.03 and a fifty-two week high of $56.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.61. The company has a market capitalization of $1.31 billion, a P/E ratio of 36.10, a PEG ratio of 1.78 and a beta of 1.37. The stock has a 50-day simple moving average of $50.35 and a 200-day simple moving average of $44.91.

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

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in shares of Pursuit Attractions and Hospitality by 803.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 777 shares of the company's stock valued at $28,000 after purchasing an additional 691 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Pursuit Attractions and Hospitality by 4,831.2% in the third quarter. Larson Financial Group LLC now owns 789 shares of the company's stock valued at $29,000 after purchasing an additional 773 shares during the period. State of Wyoming purchased a new stake in Pursuit Attractions and Hospitality during the second quarter worth about $38,000. Kemnay Advisory Services Inc. purchased a new stake in Pursuit Attractions and Hospitality during the fourth quarter worth about $55,000. Finally, Tower Research Capital LLC TRC acquired a new position in Pursuit Attractions and Hospitality during the second quarter worth about $67,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality Inc NYSE: PRSU is a travel and leisure company focused on delivering immersive experiences at some of North America’s most celebrated destinations. The company’s core operations span scenic attractions such as mountain gondolas and tramways, alpine lodges and wilderness excursions, as well as complementary dining venues that showcase regional flavors. By integrating guided tours, wildlife viewing and seasonal activities, Pursuit aims to create memorable experiences for both individual and group travelers.

In the mountain segment, Pursuit operates marquee attractions including the Banff Gondola and Jasper SkyTram in Canada’s Rocky Mountains, supported by on-site accommodations like Emerald Lake Lodge.

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