Citigroup Boosts SeaWorld Entertainment (SEAS) Price Target to $22.00

SeaWorld Entertainment (NYSE:SEAS) had its target price hoisted by Citigroup from $21.00 to $22.00 in a research report released on Tuesday. They currently have a sell rating on the stock.

Several other analysts also recently weighed in on SEAS. Zacks Investment Research downgraded SeaWorld Entertainment from a buy rating to a hold rating in a report on Wednesday, December 5th. KeyCorp set a $35.00 price objective on SeaWorld Entertainment and gave the company a buy rating in a report on Monday, December 17th. ValuEngine downgraded SeaWorld Entertainment from a strong-buy rating to a buy rating in a report on Thursday, December 20th. Wells Fargo & Co upgraded SeaWorld Entertainment from a market perform rating to an outperform rating and set a $32.00 price objective for the company in a report on Thursday, January 17th. Finally, Wedbush lifted their price objective on SeaWorld Entertainment from $25.00 to $30.00 and gave the company a neutral rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $31.51.

SEAS stock opened at $25.70 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 5.64. The stock has a market capitalization of $2.21 billion, a P/E ratio of 25.20 and a beta of 1.49. SeaWorld Entertainment has a 1-year low of $13.87 and a 1-year high of $32.47.



SeaWorld Entertainment (NYSE:SEAS) last released its quarterly earnings data on Thursday, February 28th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The firm had revenue of $280.00 million during the quarter, compared to the consensus estimate of $276.09 million. SeaWorld Entertainment had a return on equity of 28.25% and a net margin of 3.26%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) earnings per share. On average, sell-side analysts anticipate that SeaWorld Entertainment will post 1.23 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in SeaWorld Entertainment in the fourth quarter worth about $31,000. Advisor Group Inc. raised its holdings in SeaWorld Entertainment by 47.7% in the fourth quarter. Advisor Group Inc. now owns 1,595 shares of the company’s stock worth $35,000 after purchasing an additional 515 shares in the last quarter. Enlightenment Research LLC bought a new position in SeaWorld Entertainment in the fourth quarter worth about $38,000. Oppenheimer Asset Management Inc. bought a new position in SeaWorld Entertainment in the fourth quarter worth about $81,000. Finally, Cerebellum GP LLC raised its holdings in SeaWorld Entertainment by 10.1% in the fourth quarter. Cerebellum GP LLC now owns 6,505 shares of the company’s stock worth $144,000 after purchasing an additional 596 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

About SeaWorld Entertainment

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand in San Diego, Orlando, and San Antonio; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; and water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego.

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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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