Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) Stock Has Consensus Price Target of $54.75

Key Points

• Analyst sentiment is moderately bullish: Seven firms give Pursuit Attractions and Hospitality a consensus “Moderate Buy” rating, with five buys and two holds. The average 12-month price target is $54.75, while recent targets include $61 from Jefferies and $64 from Citizens JMP.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 89.91% of PRSU, with several firms establishing new positions during the second quarter.
• Recent results slightly exceeded expectations: The company reported quarterly EPS of $0.50 versus a $0.49 consensus estimate on revenue of $133.49 million. Shares opened at $52.36, near the analyst consensus target and below the stock’s 52-week high of $56.51.

Shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.75.

A number of brokerages have recently issued reports on PRSU. Jefferies Financial Group assumed coverage on shares of Pursuit Attractions and Hospitality in a research note on Wednesday, September 9th. They issued a "buy" rating and a $61.00 price objective for the company. Zacks Research cut shares of Pursuit Attractions and Hospitality from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. Citigroup started coverage on shares of Pursuit Attractions and Hospitality in a research note on Friday, September 25th. They issued an "outperform" rating for the company. Weiss Ratings raised shares of Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, September 18th. Finally, Citizens Jmp assumed coverage on shares of Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They set a "market outperform" rating and a $64.00 price target for the company.

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

Institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $1,434,000. Squarepoint Ops LLC bought a new stake in Pursuit Attractions and Hospitality in the second quarter valued at approximately $4,396,000. Amundi purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $363,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $806,000. Finally, AXQ Capital LP bought a new position in shares of Pursuit Attractions and Hospitality in the second quarter worth approximately $226,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Pursuit Attractions and Hospitality Stock Performance

Shares of NYSE PRSU opened at $52.36 on Friday. The stock's 50-day moving average is $49.02 and its 200 day moving average is $46.37. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 1.95 and a beta of 1.43. Pursuit Attractions and Hospitality has a 1-year low of $32.03 and a 1-year high of $56.51. The company has a current ratio of 1.61, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38.

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

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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