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

Zacks Research cut shares of Pursuit Attractions and Hospitality (NYSE:PRSU) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks reports.

A number of other analysts have also commented on PRSU. Weiss Ratings raised Pursuit Attractions and Hospitality from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. 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 on the stock. Jefferies Financial Group started coverage on Pursuit Attractions and Hospitality in a report on Wednesday, September 9th. They issued a “buy” rating and a $61.00 target price on the stock. Finally, Citigroup assumed coverage on Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.75.

Pursuit Attractions and Hospitality Stock Down 0.4%

Shares of NYSE PRSU opened at $55.86 on Tuesday. 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 company has a 50-day moving average price of $51.50 and a 200-day moving average price of $45.27. The stock has a market capitalization of $1.52 billion, a P/E ratio of 42.00, a P/E/G ratio of 2.09 and a beta of 1.46. Pursuit Attractions and Hospitality has a 1 year low of $32.03 and a 1 year high of $58.62.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted its earnings results on Wednesday, November 4th. The company reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $251.53 million for the quarter. On average, equities research analysts forecast that Pursuit Attractions and Hospitality will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Pursuit Attractions and Hospitality in the second quarter valued at approximately $183,218,000. TimesSquare Capital Management LLC bought a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $45,700,000. Dimensional Fund Advisors LP boosted 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 in the last quarter. Bank of America Corp DE purchased a new position in shares of Pursuit Attractions and Hospitality in the second quarter worth about $10,797,000. Finally, Bank of New York Mellon Corp purchased a new position in Pursuit Attractions and Hospitality in the 2nd quarter worth approximately $9,287,000. 89.91% of the stock is currently 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.