According to a report by Stock Target Advisor Ratings, Six Flags Entertainment Co. (SIX:NYE) has been given a “Buy” rating by the 14 analysts currently covering the company. The average target price for Six Flags stock in the next 12 months, based on updated coverage from analysts over the past year, is $32.00.
Six Flags Stock-Analyst Ratings:
Several research firms have recently published reports on SIX. On April 20th, Morgan Stanley initiated coverage on Six Flags Entertainment with an “Equal Weight” rating and a target price of $29.00.
Deutsche Bank raised its price target on the stock from $29.00 to $36.00 and gave it a “Buy” rating in a report on March 6th.
Citigroup increased its target price on the stock from $27.00 to $30.00 and gave it a “Neutral” rating on March 3rd.
Sis Flags Stock Price Analysis:
On Friday, SIX opened at $22.18, with a market capitalization of $1.85 billion, a price-to-earnings ratio of 16.80, and a beta of 2.19. Six Flags stock has a 1-year low of $16.83 and a 1-year high of $36.22. Its fifty-day moving average price is $25.46, and its 200-day moving average price is $24.57.
Quarterly Earnings Review:
In its latest quarterly earnings report, released on March 2nd, Six Flags Entertainment reported earnings per share (EPS) of $0.32, exceeding analysts’ consensus estimates of $0.23 by $0.09.
The company had revenue of $279.88 million during the quarter, slightly below analysts’ expectations of $282.05 million. Six Flags Entertainment had a negative return on equity of 13.50% and a net margin of 8.02%. Sell-side analysts predict that the company will post earnings per share of 2.17 for the current fiscal year.
Hedge Funds & Institutional Holdings:
Institutional investors have recently made changes to their holdings in Six Flags Entertainment. BlackRock Inc. increased its stake in the company by 45.7% in the third quarter, while Vanguard Group Inc. raised its holdings by 6.3% in the first quarter.
Long Pond Capital LP also increased its position by 503.5% in the third quarter. Thunderbird Partners LLP and HG Vora Capital Management LLC also hold significant stakes in the company. Institutional investors currently own 92.11% of Six Flags stock.
Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets.
The company also sells food, beverages, merchandise, and other products and services within its parks. It operates parks in the United States, Mexico, and Canada. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1961 and is based in Arlington, Texas.