Six Flags Entertainment (NYSE:SIX) Earns Buy Rating from B. Riley

B. Riley reaffirmed their buy rating on shares of Six Flags Entertainment (NYSE:SIX) in a research report report published on Thursday morning, Briefing.com Automated Import reports. They currently have a $26.00 price objective on the stock, down from their previous price objective of $31.00.

SIX has been the subject of several other research reports. Janney Montgomery Scott raised shares of Six Flags Entertainment from a neutral rating to a buy rating and set a $30.00 price objective for the company in a research note on Thursday, July 9th. Stifel Nicolaus upped their price objective on shares of Six Flags Entertainment from $27.00 to $28.00 and gave the company a buy rating in a research note on Thursday, April 30th. SunTrust Banks upped their price objective on shares of Six Flags Entertainment from $17.00 to $19.00 and gave the company a hold rating in a research note on Friday, May 1st. Macquarie raised shares of Six Flags Entertainment from a neutral rating to an outperform rating and set a $29.00 price objective for the company in a research note on Monday, May 4th. Finally, Credit Suisse Group upped their price objective on shares of Six Flags Entertainment from $16.00 to $17.00 and gave the company a neutral rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Six Flags Entertainment currently has an average rating of Hold and a consensus target price of $23.46.

SIX stock opened at $17.39 on Thursday. The firm has a 50-day simple moving average of $20.51 and a 200-day simple moving average of $23.40. Six Flags Entertainment has a 52 week low of $8.75 and a 52 week high of $59.52.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Wednesday, July 29th. The company reported ($1.62) EPS for the quarter, missing analysts’ consensus estimates of ($1.07) by ($0.55). The company had revenue of $19.14 million for the quarter, compared to analysts’ expectations of $52.29 million. Six Flags Entertainment had a negative return on equity of 23.63% and a negative net margin of 5.26%. The firm’s revenue for the quarter was down 96.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. As a group, equities analysts anticipate that Six Flags Entertainment will post -1.9 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of SIX. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 worth $30,000 after acquiring an additional 1,410 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Six Flags Entertainment by 279.3% in the 2nd quarter. Parallel Advisors LLC now owns 3,596 shares of the company’s stock worth $69,000 after acquiring an additional 2,648 shares during the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Six Flags Entertainment by 18.5% in the 1st quarter. NEXT Financial Group Inc now owns 7,000 shares of the company’s stock worth $88,000 after acquiring an additional 1,091 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in Six Flags Entertainment during the 1st quarter worth approximately $108,000. Finally, Verus Capital Partners LLC lifted its holdings in Six Flags Entertainment by 227.9% during the 1st quarter. Verus Capital Partners LLC now owns 8,916 shares of the company’s stock worth $112,000 after buying an additional 6,197 shares in the last quarter. 76.17% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Cost of equity and a company’s balance sheet

Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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