Brokerages Set Six Flags Entertainment Corp (SIX) Target Price at $69.00

Shares of Six Flags Entertainment Corp (NYSE:SIX) have been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $69.00.

A number of brokerages have issued reports on SIX. Wells Fargo & Co downgraded shares of Six Flags Entertainment from an “outperform” rating to a “market perform” rating in a research note on Monday, July 9th. Wedbush downgraded shares of Six Flags Entertainment from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $76.00 to $70.00 in a research note on Friday, July 20th. Zacks Investment Research downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. KeyCorp increased their price objective on shares of Six Flags Entertainment from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, Oppenheimer set a $80.00 price objective on shares of Six Flags Entertainment and gave the stock a “buy” rating in a research note on Wednesday, October 24th.

In other news, CFO Marshall Barber sold 449 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $65.21, for a total value of $29,279.29. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Catherine Aslin sold 2,425 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $66.85, for a total transaction of $162,111.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,934 shares of company stock worth $195,337. 5.50% of the stock is currently owned by corporate insiders.



Several institutional investors and hedge funds have recently bought and sold shares of SIX. Gilman Hill Asset Management LLC boosted its position in Six Flags Entertainment by 4.5% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 75,211 shares of the company’s stock worth $5,251,000 after buying an additional 3,265 shares during the period. Oppenheimer & Co. Inc. boosted its position in Six Flags Entertainment by 111.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,855 shares of the company’s stock worth $898,000 after buying an additional 6,784 shares during the period. W.E. Donoghue & Co. LLC boosted its position in Six Flags Entertainment by 113.6% during the 3rd quarter. W.E. Donoghue & Co. LLC now owns 14,618 shares of the company’s stock worth $1,021,000 after buying an additional 7,773 shares during the period. Rice Hall James & Associates LLC boosted its position in Six Flags Entertainment by 69.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 209,647 shares of the company’s stock worth $14,638,000 after buying an additional 85,658 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in Six Flags Entertainment during the 3rd quarter worth approximately $876,000. Institutional investors own 94.58% of the company’s stock.

Shares of Six Flags Entertainment stock opened at $53.56 on Friday. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 21.47 and a beta of 1.00. Six Flags Entertainment has a 12-month low of $51.91 and a 12-month high of $73.38.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.16). The firm had revenue of $619.82 million for the quarter, compared to analyst estimates of $633.03 million. Six Flags Entertainment had a negative return on equity of 35.16% and a net margin of 20.30%. Equities analysts predict that Six Flags Entertainment will post 2.64 EPS for the current fiscal year.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

See Also: Earnings Per Share (EPS)

Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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