Six Flags Entertainment (NYSE:SIX) PT Lowered to $45.00

Six Flags Entertainment (NYSE:SIX) had its price target cut by equities research analysts at KeyCorp from $50.00 to $45.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 38.93% from the stock’s previous close. KeyCorp also issued estimates for Six Flags Entertainment’s Q4 2019 earnings at $0.16 EPS, FY2019 earnings at $2.46 EPS, FY2020 earnings at $2.30 EPS and FY2021 earnings at $2.45 EPS.

Other analysts also recently issued research reports about the company. Berenberg Bank restated a “hold” rating and issued a $44.00 price target on shares of Six Flags Entertainment in a research note on Thursday, January 9th. Janney Montgomery Scott downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Friday, January 10th. ValuEngine upgraded Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus cut their price target on Six Flags Entertainment from $46.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, SunTrust Banks downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their price target for the stock from $54.00 to $36.00 in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $40.70.

SIX stock opened at $32.39 on Friday. Six Flags Entertainment has a fifty-two week low of $29.96 and a fifty-two week high of $59.52. The business’s 50 day moving average price is $38.81 and its two-hundred day moving average price is $46.81. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Thursday, February 20th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Six Flags Entertainment had a negative return on equity of 38.61% and a net margin of 18.02%. The firm had revenue of $261.00 million for the quarter, compared to analysts’ expectations of $260.11 million. During the same quarter last year, the company posted $0.93 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Research analysts forecast that Six Flags Entertainment will post 2.42 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the stock. River Road Asset Management LLC boosted its stake in Six Flags Entertainment by 171.5% during the 4th quarter. River Road Asset Management LLC now owns 1,554,699 shares of the company’s stock valued at $70,132,000 after purchasing an additional 981,975 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Six Flags Entertainment during the 4th quarter valued at $42,091,000. Renaissance Technologies LLC boosted its stake in Six Flags Entertainment by 1,034.2% during the 4th quarter. Renaissance Technologies LLC now owns 999,200 shares of the company’s stock valued at $45,074,000 after purchasing an additional 911,100 shares during the last quarter. Capital Research Global Investors boosted its stake in Six Flags Entertainment by 11.6% during the 4th quarter. Capital Research Global Investors now owns 7,946,163 shares of the company’s stock valued at $358,451,000 after purchasing an additional 823,603 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at $38,407,000. Institutional investors own 79.58% of the company’s stock.

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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