Pursuit Attractions and Hospitality (NYSE:PRSU) Price Target Raised to $65.00

Pursuit Attractions and Hospitality (NYSE:PRSU) had its price target raised by investment analysts at Oppenheimer from $58.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer‘s price target points to a potential upside of 25.73% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Citizens Jmp assumed coverage on shares of Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They issued a “market outperform” rating and a $64.00 price objective for the company. Weiss Ratings upgraded Pursuit Attractions and Hospitality from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Citigroup began coverage on Pursuit Attractions and Hospitality in a research note on Friday, September 25th. They issued an “outperform” rating for the company. Jefferies Financial Group began coverage on Pursuit Attractions and Hospitality in a research report on Wednesday, September 9th. They set a “buy” rating and a $61.00 target price for the company. Finally, Zacks Research lowered Pursuit Attractions and Hospitality from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Pursuit Attractions and Hospitality presently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

Pursuit Attractions and Hospitality Price Performance

Shares of PRSU stock traded down $4.80 during trading hours on Thursday, hitting $51.70. 188,593 shares of the company’s stock were exchanged, compared to its average volume of 252,472. Pursuit Attractions and Hospitality has a 52 week low of $32.03 and a 52 week high of $58.62. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.46. 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 stock’s 50-day moving average is $51.50 and its 200-day moving average is $45.27.

Pursuit Attractions and Hospitality (NYSE:PRSU) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.02. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. The business had revenue of $251.53 million for the quarter. As a group, research analysts forecast that Pursuit Attractions and Hospitality will post 1.79 EPS for the current year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Pursuit Attractions and Hospitality during the second quarter worth approximately $183,218,000. TimesSquare Capital Management LLC bought a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at $45,700,000. Dimensional Fund Advisors LP grew its holdings in shares of Pursuit Attractions and Hospitality by 19.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 716,583 shares of the company’s stock worth $26,247,000 after purchasing an additional 118,059 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Pursuit Attractions and Hospitality by 28.9% during the 1st quarter. Sei Investments Co. now owns 207,993 shares of the company’s stock worth $7,619,000 after purchasing an additional 46,571 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Pursuit Attractions and Hospitality in the second quarter worth $10,797,000. 89.91% of the stock is owned by 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.