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In a turbulent market environment, PRSU stock has reached a 52-week low, dipping to $28.38. This price level reflects a significant downturn from the stock’s performance over the past year, with Viad Corp (NYSE:PRSU), the company behind PRSU, experiencing a 1-year decline of -17.16%. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $50 to $60, suggesting significant upside potential despite recent volatility. Investors are closely monitoring the stock as it navigates through the current economic headwinds, assessing the company’s ability to rebound from this low point. The 52-week low serves as a critical indicator for both the company’s valuation and investor sentiment, marking a challenging period for Viad Corp in the face of broader market pressures. With earnings scheduled for May 8 and a FAIR financial health rating from InvestingPro, which offers 8 additional key insights about PRSU’s financial outlook, investors await potential catalysts for recovery.
In other recent news, Pursuit Attractions and Hospitality reported fourth-quarter revenue that exceeded analyst expectations. The company posted Q4 revenue of $366.5 million, surpassing the consensus estimate of $250.8 million. Additionally, Pursuit reported an adjusted loss per share of $0.15, which was significantly better than the anticipated loss of $1.40 per share. For the entire year 2024, revenue increased by 4.6% to $366.5 million, up from $350.3 million in 2023. This growth was primarily driven by increased ticket sales, although it was somewhat offset by temporary closures and reduced visitation to Jasper National Park due to wildfires. Pursuit also completed the sale of its GES business for $535 million, which allowed the company to eliminate high-cost debt and improve liquidity. Looking forward, Pursuit anticipates revenue growth in the low-double digits for 2025 and has provided guidance for adjusted EBITDA between $98 million and $108 million. The company is optimistic about its position heading into 2025, with expectations of increased leisure travel and a focus on enhancing guest experiences.
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