Oppenheimer Forecasts Strong Price Appreciation for Pursuit Attractions and Hospitality (NYSE:PRSU) Stock

Pursuit Attractions and Hospitality (NYSE:PRSU) had its price objective raised by investment analysts at Oppenheimer from $58.00 to $65.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer‘s target price indicates a potential upside of 25.73% from the company’s current price.

Several other analysts also recently commented on PRSU. 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 objective for the company. Zacks Research downgraded Pursuit Attractions and Hospitality from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup initiated coverage on shares of Pursuit Attractions and Hospitality in a report on Friday, September 25th. They issued an “outperform” rating for the company. Jefferies Financial Group began coverage on shares of Pursuit Attractions and Hospitality in a report on Wednesday, September 9th. They issued a “buy” rating and a $61.00 price target on the stock. Finally, 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. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Pursuit Attractions and Hospitality presently has an average rating of “Moderate Buy” and an average target price of $58.50.

Pursuit Attractions and Hospitality Trading Down 8.5%

Shares of PRSU traded down $4.80 during mid-day trading on Thursday, reaching $51.70. 188,593 shares of the company were exchanged, compared to its average volume of 252,472. The stock has a market capitalization of $1.41 billion, a PE ratio of 38.80, a PEG ratio of 2.09 and a beta of 1.46. The business has a 50 day simple moving average of $51.50 and a two-hundred day simple moving average of $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 52 week low of $32.03 and a 52 week high of $58.62.

Pursuit Attractions and Hospitality (NYSE:PRSU) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.02. The company had revenue of $251.53 million for the quarter. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. On average, analysts predict that Pursuit Attractions and Hospitality will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Pursuit Attractions and Hospitality in the 2nd quarter worth $183,218,000. TimesSquare Capital Management LLC bought a new stake in shares of Pursuit Attractions and Hospitality during the second quarter valued at approximately $45,700,000. Dimensional Fund Advisors LP lifted its stake in 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 worth $26,247,000 after purchasing an additional 118,059 shares in the last quarter. Bank of America Corp DE purchased a new position in Pursuit Attractions and Hospitality during the 2nd quarter valued at approximately $10,797,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Pursuit Attractions and Hospitality during the 2nd quarter valued at about $9,287,000. Institutional investors own 89.91% of the company’s stock.

About Pursuit Attractions and Hospitality

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.