Six Flags Entertainment (NYSE:SIX) Raised to Outperform at Wells Fargo & Co

Wells Fargo & Co upgraded shares of Six Flags Entertainment (NYSE:SIX) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have $56.00 target price on the stock, up from their previous target price of $52.00.

A number of other equities analysts also recently commented on SIX. Wedbush reiterated a buy rating and set a $38.00 target price on shares of Obseva in a research note on Wednesday, June 19th. Oppenheimer set a $63.00 price target on shares of Six Flags Entertainment and gave the company a buy rating in a research report on Thursday, March 21st. B. Riley set a $59.00 price target on shares of Shotspotter and gave the company a buy rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group boosted their price target on shares of Constellation Brands from $267.00 to $275.00 and gave the company a top pick rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $61.40.

Shares of SIX stock opened at $54.17 on Tuesday. The stock’s fifty day moving average price is $51.29. The firm has a market capitalization of $4.50 billion, a P/E ratio of 16.77, a P/E/G ratio of 3.61 and a beta of 1.06. Six Flags Entertainment has a 12 month low of $46.68 and a 12 month high of $72.39.



Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Tuesday, April 23rd. The company reported ($0.82) EPS for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.04. The firm had revenue of $128.19 million during the quarter, compared to the consensus estimate of $123.63 million. Six Flags Entertainment had a net margin of 18.40% and a negative return on equity of 41.58%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.74) earnings per share. As a group, analysts forecast that Six Flags Entertainment will post 2.84 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SIX. Synovus Financial Corp purchased a new stake in shares of Six Flags Entertainment in the first quarter valued at about $25,000. Next Capital Management LLC purchased a new stake in shares of Six Flags Entertainment in the first quarter valued at about $34,000. Pinnacle Bank purchased a new stake in shares of Six Flags Entertainment in the fourth quarter valued at about $58,000. BNP Paribas Arbitrage SA raised its holdings in shares of Six Flags Entertainment by 101.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,540 shares of the company’s stock valued at $125,000 after buying an additional 1,278 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Six Flags Entertainment by 30.3% in the first quarter. Victory Capital Management Inc. now owns 2,883 shares of the company’s stock valued at $142,000 after buying an additional 671 shares during the last quarter. 84.16% of the stock is owned by hedge funds and other institutional investors.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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