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

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

A number of other research analysts have also recently issued reports on the stock. Citizens Jmp began coverage on shares of Pursuit Attractions and Hospitality in a report on Friday, September 25th. They issued a “market outperform” rating and a $64.00 target price for the company. Weiss Ratings raised Pursuit Attractions and Hospitality from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Citigroup started coverage on Pursuit Attractions and Hospitality in a report on Friday, September 25th. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group assumed coverage on Pursuit Attractions and Hospitality in a research note on Wednesday, September 9th. They issued a “buy” rating and a $61.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.75.

Pursuit Attractions and Hospitality Stock Performance

NYSE:PRSU opened at $55.86 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. Pursuit Attractions and Hospitality has a fifty-two week low of $32.03 and a fifty-two week high of $58.62. The stock has a market cap of $1.52 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.46. The firm’s fifty day simple moving average is $51.50 and its 200-day simple moving average is $45.27.

Pursuit Attractions and Hospitality (NYSE:PRSU) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $3.03 earnings per share (EPS) for the quarter, beating 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 business had revenue of $251.53 million during the quarter. Analysts expect that Pursuit Attractions and Hospitality will post 1.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Pursuit Attractions and Hospitality during the second quarter worth about $183,218,000. TimesSquare Capital Management LLC acquired a new stake in Pursuit Attractions and Hospitality in the 2nd quarter worth about $45,700,000. Bank of America Corp DE purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter valued at about $10,797,000. Bank of New York Mellon Corp purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter valued at about $9,287,000. Finally, Ancora Advisors LLC purchased a new stake in Pursuit Attractions and Hospitality in the 2nd quarter valued at about $8,261,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

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.