KeyCorp Lowers Six Flags Entertainment (NYSE:SIX) Price Target to $22.00

Six Flags Entertainment (NYSE:SIX) had its target price reduced by KeyCorp from $25.00 to $22.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. KeyCorp currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on SIX. SunTrust Banks boosted their target price on Six Flags Entertainment from $17.00 to $19.00 and gave the stock a hold rating in a research report on Friday, May 1st. Credit Suisse Group boosted their target price on Six Flags Entertainment from $16.00 to $17.00 and gave the stock a neutral rating in a research report on Tuesday, July 28th. Berenberg Bank upgraded Six Flags Entertainment to a buy rating in a research report on Monday, June 15th. B. Riley restated a buy rating and set a $26.00 target price (down from $31.00) on shares of Six Flags Entertainment in a research report on Thursday. Finally, Zacks Investment Research upgraded Six Flags Entertainment from a sell rating to a hold rating in a report on Saturday, July 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. Six Flags Entertainment presently has a consensus rating of Hold and an average price target of $23.46.

Shares of SIX stock opened at $17.39 on Thursday. The stock has a 50-day moving average price of $20.51 and a 200 day moving average price of $23.40. Six Flags Entertainment has a 12 month low of $8.75 and a 12 month high of $59.52.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Wednesday, July 29th. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.07) by ($0.55). The company had revenue of $19.14 million for the quarter, compared to analyst estimates of $52.29 million. Six Flags Entertainment had a negative return on equity of 23.63% and a negative net margin of 5.26%. Six Flags Entertainment’s quarterly revenue was down 96.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts anticipate that Six Flags Entertainment will post -1.9 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Six Flags Entertainment by 142.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,399 shares of the company’s stock valued at $30,000 after acquiring an additional 1,410 shares in the last quarter. Parallel Advisors LLC lifted its stake in Six Flags Entertainment by 279.3% in the 2nd quarter. Parallel Advisors LLC now owns 3,596 shares of the company’s stock valued at $69,000 after acquiring an additional 2,648 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Six Flags Entertainment by 18.5% in the 1st quarter. NEXT Financial Group Inc now owns 7,000 shares of the company’s stock valued at $88,000 after acquiring an additional 1,091 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in Six Flags Entertainment in the 1st quarter valued at approximately $108,000. Finally, Verus Capital Partners LLC lifted its stake in Six Flags Entertainment by 227.9% in the 1st quarter. Verus Capital Partners LLC now owns 8,916 shares of the company’s stock valued at $112,000 after acquiring an additional 6,197 shares in the last quarter. Hedge funds and other institutional investors own 76.17% 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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