Pursuit Attractions and Hospitality (NYSE:PRSU) Rating Lowered to “Hold” at Zacks Research

Pursuit Attractions and Hospitality (NYSE:PRSU) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Several other analysts also recently issued reports on the company. Jefferies Financial Group began coverage on 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. Weiss Ratings upgraded Pursuit Attractions and Hospitality from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Citigroup initiated coverage on Pursuit Attractions and Hospitality in a report on Friday, September 25th. They issued an “outperform” rating for the company. Finally, Citizens Jmp began coverage on Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They set a “market outperform” rating and a $64.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Pursuit Attractions and Hospitality currently has an average rating of “Moderate Buy” and a consensus target price of $54.75.

Pursuit Attractions and Hospitality Price Performance

Shares of PRSU opened at $55.86 on Tuesday. The firm has a market cap of $1.52 billion, a PE ratio of 42.00, a PEG ratio of 2.09 and a beta of 1.46. The firm’s 50 day moving average price is $51.50 and its 200 day moving average price is $45.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.61. Pursuit Attractions and Hospitality has a twelve month low of $32.03 and a twelve month high of $58.62.

Pursuit Attractions and Hospitality (NYSE:PRSU) last released its quarterly earnings data on Wednesday, November 4th. The company reported $3.03 earnings per share (EPS) for the quarter, beating 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 during the quarter. As a group, research analysts expect that Pursuit Attractions and Hospitality will post 1.79 EPS for the current fiscal year.

Institutional Trading of Pursuit Attractions and Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter worth approximately $183,218,000. TimesSquare Capital Management LLC bought a new stake in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at approximately $45,700,000. Dimensional Fund Advisors LP grew its stake in shares of Pursuit Attractions and Hospitality by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 716,583 shares of the company’s stock valued at $26,247,000 after purchasing an additional 118,059 shares during the period. Bank of America Corp DE bought a new stake in shares of Pursuit Attractions and Hospitality in the 2nd quarter valued at approximately $10,797,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $9,287,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.