Pursuit Attractions Sells Flyover Business for $78.4M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Pursuit Attractions and Hospitality announced a series of strategic actions taken to strengthen focus on iconic attractions and hospitality and enhance its long-term growth profile and shareholder value. These actions include entering into a definitive agreement to sell its Flyover flying theater attractions business for approximately $78.4M, subject to customary purchase price adjustments, representing a multiple of approximately 15 times Flyover's estimated 2025 Adjusted EBITDA contribution; receiving $25M in deferred proceeds from the prior sale of its GES business; and repurchasing $14.5M of Pursuit common stock.
Analyst Views on PRSU
Wall Street analysts forecast PRSU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRSU is 45.67 USD with a low forecast of 44.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 35.790
Low
44.00
Averages
45.67
High
48.00
Current: 35.790
Low
44.00
Averages
45.67
High
48.00
About PRSU
Pursuit Attractions and Hospitality, Inc. is an attractions and hospitality company that owns and operates a collection of experiences in destinations in the United States, Canada, Iceland and Costa Rica. The Company's elevated hospitality experiences include approximately 17 world-class point-of-interest attractions and 29 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with national parks and global travel locations. The Company's collections include Banff Jasper Collection, Alaska Collection, Glacier Park Collection, Flyover Attractions, Sky Lagoon and Tabacon. Its Banff Jasper Collection includes Golden Skybridge, Banff Gondola, Lake Minnewanka Cruise and Columbia Icefield Adventure. Its Flyover Attractions include Flyover Canada, Flyover Iceland, Flyover Las Vegas and Flyover Chicago. It draws its guests from markets, including the United States, Canada, Asia Pacific, Western Europe, and Central America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
