Pursuit Attractions and Hospitality (NYSE:PRSU) Hits New 1-Year High - Should You Buy?

Key Points

• PRSU reached a new 52-week high, trading as high as $56.57 and recently changing hands around $55.16, up 0.4%.
• Analyst sentiment is favorable, with one Strong Buy, five Buy, and one Hold rating; the consensus rating is Buy, though the $54.75 average price target is below the recent share price.
• The company modestly beat quarterly EPS expectations, reporting $0.50 versus $0.49 anticipated, while institutional investors own approximately 89.91% of outstanding shares.

Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report) shares reached a new 52-week high during trading on Wednesday. The stock traded as high as $56.57 and last traded at $55.1640, with a volume of 451,204 shares traded. The stock had previously closed at $54.94.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PRSU shares. Weiss Ratings upgraded shares of Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. Citigroup assumed coverage on Pursuit Attractions and Hospitality in a research note on Friday, September 25th. They issued an "outperform" rating on the stock. Zacks Research upgraded shares of Pursuit Attractions and Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. Jefferies Financial Group started coverage on shares of Pursuit Attractions and Hospitality in a research note on Wednesday, September 9th. They set a "buy" rating and a $61.00 price target for the company. Finally, Citizens Jmp initiated coverage on Pursuit Attractions and Hospitality in a report on Friday, September 25th. They issued a "market outperform" rating and a $64.00 target price for the company. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $54.75.

Pursuit Attractions and Hospitality Trading Up 0.4%

The stock's fifty day simple moving average is $49.90 and its 200-day simple moving average is $47.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 1.47. The firm has a market cap of $1.50 billion, a PE ratio of 41.48, a PEG ratio of 2.05 and a beta of 1.43.

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

Institutional Investors Weigh In On Pursuit Attractions and Hospitality

A number of hedge funds have recently modified their holdings of PRSU. Bank of America Corp DE acquired a new stake in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at $10,797,000. Manatuck Hill Partners LLC acquired a new position in Pursuit Attractions and Hospitality in the second quarter valued at approximately $7,914,000. Squarepoint Ops LLC acquired a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at $4,396,000. Legal & General Group Plc acquired a new stake in Pursuit Attractions and Hospitality during the 2nd quarter worth $2,642,000. Finally, BlackRock Inc. purchased a new stake in Pursuit Attractions and Hospitality in the second quarter valued at $183,218,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Pursuit Attractions and Hospitality Company Profile

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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