Analysts Set Six Flags Entertainment Co. (NYSE:SIX) Target Price at $28.23

Shares of Six Flags Entertainment Co. (NYSE:SIX) have received an average rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $28.23.

A number of research analysts have commented on the company. B. Riley cut Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Monday, February 5th. Truist Financial increased their target price on Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Morgan Stanley raised shares of Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $29.00 to $32.00 in a research report on Thursday, December 14th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a research report on Thursday. They set a “hold” rating for the company. Finally, Citigroup raised their target price on Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, March 1st.

Six Flags Entertainment Stock Performance

SIX stock opened at $26.09 on Monday. The company has a 50 day moving average price of $25.32 and a two-hundred day moving average price of $24.08. The stock has a market capitalization of $2.19 billion, a P/E ratio of 56.72 and a beta of 2.20. Six Flags Entertainment has a one year low of $18.29 and a one year high of $28.99.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The company had revenue of $292.55 million during the quarter, compared to analysts’ expectations of $298.42 million. Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. Research analysts forecast that Six Flags Entertainment will post 1.8 earnings per share for the current fiscal year.

Institutional Trading of Six Flags Entertainment

Hedge funds have recently made changes to their positions in the stock. Raymond James & Associates raised its position in Six Flags Entertainment by 79.3% during the first quarter. Raymond James & Associates now owns 41,820 shares of the company’s stock valued at $1,819,000 after acquiring an additional 18,491 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Six Flags Entertainment during the first quarter worth about $771,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Six Flags Entertainment during the 1st quarter worth approximately $109,000. MetLife Investment Management LLC increased its position in shares of Six Flags Entertainment by 37.0% during the first quarter. MetLife Investment Management LLC now owns 51,361 shares of the company’s stock valued at $2,234,000 after purchasing an additional 13,860 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Six Flags Entertainment by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,361 shares of the company’s stock valued at $1,234,000 after buying an additional 2,704 shares during the period. 98.04% 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 waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.