Pursuit Attractions and Hospitality (NYSE:PRSU) Hits New 52-Week High - Time to Buy?

Key Points

• Pursuit Attractions and Hospitality shares hit a new 52-week high of $56.93, up 4.6%, with a $1.57 billion market capitalization and trading above both its 50-day and 200-day moving averages.
• Analyst sentiment is broadly positive: one analyst rates the stock Strong Buy, five rate it Buy and one rates it Hold. However, the $54.75 consensus price target is below the current share price, despite individual targets of $61 and $64.
• The company slightly beat quarterly earnings expectations with $0.50 EPS versus a $0.49 estimate and reported $133.49 million in revenue; institutional investors own approximately 89.91% of outstanding shares.

Shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU - Get Free Report) reached a new 52-week high on Monday. The stock traded as high as $56.93 and last traded at $56.9240, with a volume of 3,353 shares traded. The stock had previously closed at $55.28.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PRSU. Citigroup started 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 Pursuit Attractions and Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. Citizens Jmp assumed coverage on Pursuit Attractions and Hospitality in a research note on Friday, September 25th. They issued a "market outperform" rating and a $64.00 price target for the company. Weiss Ratings raised Pursuit Attractions and Hospitality from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Finally, Jefferies Financial Group assumed coverage on shares of Pursuit Attractions and Hospitality in a research report on Wednesday, September 9th. They set a "buy" rating and a $61.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $54.75.

Pursuit Attractions and Hospitality Stock Up 4.6%

The company has a current ratio of 1.61, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.57 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.46. The stock has a fifty day simple moving average of $51.06 and a two-hundred day simple moving average of $44.93.

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. Pursuit Attractions and Hospitality had a return on equity of 5.93% and a net margin of 7.94%. The firm had revenue of $133.49 million for the quarter. As a group, sell-side analysts expect that Pursuit Attractions and Hospitality, Inc. will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Pursuit Attractions and Hospitality by 6.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,423 shares of the company's stock valued at $528,000 after purchasing an additional 859 shares during the period. Fortitude Family Office LLC purchased a new stake in Pursuit Attractions and Hospitality in the third quarter worth about $55,000. Farther Finance Advisors LLC lifted its position in shares of Pursuit Attractions and Hospitality by 1,501.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,665 shares of the company's stock valued at $83,000 after buying an additional 1,561 shares in the last quarter. Bridge City Capital LLC increased its holdings in Pursuit Attractions and Hospitality by 40.2% in the 3rd quarter. Bridge City Capital LLC now owns 6,065 shares of the company's stock worth $302,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in 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 worth $3,827,000 after acquiring an additional 2,018 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality, Inc NYSE: PRSU is a destination travel and leisure company that operates attractions, hotels, restaurants, retail outlets and guided tours. Its offerings are designed to provide visitors with travel experiences in scenic and gateway destinations, including sightseeing, adventure and nature-based activities.

The company's portfolio includes attractions such as gondola rides, observation experiences, scenic tours and aerial sightseeing attractions, along with lodging and hospitality services.

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