Six Flags Entertainment Corp (NYSE:SIX) Receives $62.78 Average PT from Analysts

Shares of Six Flags Entertainment Corp (NYSE:SIX) have earned an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $62.78.

Several analysts have issued reports on SIX shares. B. Riley boosted their price objective on Six Flags Entertainment from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Co upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $52.00 to $56.00 in a report on Tuesday, July 9th. Zacks Investment Research downgraded Six Flags Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Finally, ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

NYSE SIX traded up $0.23 on Friday, hitting $51.26. 28,267 shares of the company were exchanged, compared to its average volume of 1,522,987. The company’s 50 day moving average price is $53.31 and its 200-day moving average price is $52.65. The firm has a market capitalization of $4.31 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.70 and a beta of 0.99. Six Flags Entertainment has a twelve month low of $46.68 and a twelve month high of $69.19.

Six Flags Entertainment (NYSE:SIX) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The firm had revenue of $477.20 million for the quarter, compared to the consensus estimate of $468.44 million. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Equities research analysts expect that Six Flags Entertainment will post 2.83 earnings per share for the current fiscal year.

In other news, CFO Marshall Barber sold 468 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.98, for a total value of $27,602.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 643 shares of company stock worth $37,865 in the last quarter. 5.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Six Flags Entertainment by 11.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,210 shares of the company’s stock valued at $265,000 after purchasing an additional 526 shares during the period. Park Avenue Securities LLC grew its stake in shares of Six Flags Entertainment by 19.1% in the 3rd quarter. Park Avenue Securities LLC now owns 18,786 shares of the company’s stock valued at $954,000 after buying an additional 3,011 shares in the last quarter. Oakbrook Investments LLC bought a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at approximately $300,000. San Francisco Sentry Investment Group CA grew its stake in shares of Six Flags Entertainment by 10.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,515 shares of the company’s stock valued at $179,000 after buying an additional 320 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Six Flags Entertainment by 15.8% in the 3rd quarter. Wedbush Securities Inc. now owns 9,578 shares of the company’s stock valued at $486,000 after buying an additional 1,305 shares in the last quarter. Institutional investors own 85.17% of the company’s stock.

Six Flags Entertainment Company Profile

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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