Pursuit Attractions and Hospitality (NYSE:PRSU) Reaches New 12-Month High – Still a Buy?

Shares of Pursuit Attractions and Hospitality, Inc. (NYSE:PRSU) hit a new 52-week high during trading on Thursday. The company traded as high as $56.52 and last traded at $56.3510, with a volume of 146,968 shares trading hands. The stock had previously closed at $53.34.

Wall Street Analyst Weigh In

PRSU has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on Pursuit Attractions and Hospitality in a research note on Wednesday, September 9th. They set a “buy” rating and a $61.00 price objective for the company. Zacks Research raised Pursuit Attractions and Hospitality from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Citizens Jmp initiated 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 target price for the company. Citigroup started coverage on shares of Pursuit Attractions and Hospitality in a research report on Friday, September 25th. They set an “outperform” rating on the stock. Finally, Weiss Ratings lowered shares of Pursuit Attractions and Hospitality from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Pursuit Attractions and Hospitality currently has an average rating of “Buy” and a consensus target price of $54.75.

Pursuit Attractions and Hospitality Stock Up 3.6%

The business has a fifty day moving average price of $49.19 and a two-hundred day moving average price of $47.41. The company has a current ratio of 1.61, a quick ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 41.67, a P/E/G ratio of 2.01 and a beta of 1.43.

Pursuit Attractions and Hospitality (NYSE:PRSU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Pursuit Attractions and Hospitality had a net margin of 7.94% and a return on equity of 5.93%. The firm had revenue of $133.49 million for the quarter. On average, equities analysts predict that Pursuit Attractions and Hospitality, Inc. will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Pursuit Attractions and Hospitality

Several hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC bought a new stake in shares of Pursuit Attractions and Hospitality during the 3rd quarter worth about $55,000. Farther Finance Advisors LLC grew its stake in Pursuit Attractions and Hospitality by 1,501.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,665 shares of the company’s stock valued at $83,000 after buying an additional 1,561 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth $1,434,000. Squarepoint Ops LLC acquired a new position in Pursuit Attractions and Hospitality during the 2nd quarter worth $4,396,000. Finally, Amundi acquired a new stake in shares of Pursuit Attractions and Hospitality in the second quarter valued at about $363,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Pursuit Attractions and Hospitality Company Profile

Pursuit Attractions and Hospitality, Inc operates a portfolio of experiential travel businesses in North America. The company combines destination attractions, guided tours, lodging, and related hospitality services in scenic gateway destinations.

Its offerings include sightseeing and adventure experiences such as mountain gondolas, glacier excursions, scenic tours, wildlife and marine tours, and other destination-based activities. Pursuit also operates hotels, lodges, campgrounds, restaurants, retail outlets, and transportation services designed to support travelers visiting national parks and other prominent natural attractions.

The company serves visitors in destinations across Canada and the United States, including the Canadian Rockies, Alaska, and Montana’s Glacier National Park region.