United Parks & Resorts (NYSE:PRKS) PT Raised to $59.00

United Parks & Resorts (NYSE:PRKS) had its price target boosted by Citigroup from $55.00 to $59.00 in a research report report published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Guggenheim started coverage on United Parks & Resorts in a report on Thursday, April 4th. They set a buy rating and a $73.00 target price on the stock. Mizuho raised their target price on United Parks & Resorts from $47.00 to $48.00 and gave the company an underperform rating in a research report on Thursday, May 9th. B. Riley raised their target price on United Parks & Resorts from $75.00 to $84.00 and gave the company a buy rating in a research report on Monday, July 1st. Finally, Truist Financial raised their target price on United Parks & Resorts from $58.00 to $68.00 and gave the company a buy rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $65.50.

United Parks & Resorts Price Performance

Shares of NYSE:PRKS opened at $54.94 on Monday. United Parks & Resorts has a 52-week low of $40.87 and a 52-week high of $60.36. The firm has a fifty day moving average of $53.12. The stock has a market capitalization of $3.43 billion, a P/E ratio of 14.77 and a beta of 2.02.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.09. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The firm had revenue of $297.40 million for the quarter, compared to the consensus estimate of $286.88 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that United Parks & Resorts will post 4.38 EPS for the current year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares of the company’s stock, valued at $1,713,292.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Christopher Dold sold 32,518 shares of United Parks & Resorts stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the transaction, the insider now directly owns 33,242 shares in the company, valued at $1,713,292.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jayson Maxwell sold 500 shares of United Parks & Resorts stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the completion of the transaction, the insider now owns 1,267 shares in the company, valued at $68,316.64. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.