United Parks & Resorts (NYSE:PRKS) PT Raised to $55.00 at Citigroup

United Parks & Resorts (NYSE:PRKS) had its target price raised by research analysts at Citigroup from $50.00 to $55.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 3.17% from the stock’s current price.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Monday. Truist Financial decreased their target price on United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie decreased their target price on United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. B. Riley upped their price objective on United Parks & Resorts from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Finally, Stifel Nicolaus dropped their target price on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, United Parks & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

United Parks & Resorts Trading Up 3.3 %

PRKS stock opened at $53.31 on Wednesday. The stock’s fifty day simple moving average is $51.26 and its two-hundred day simple moving average is $52.17. United Parks & Resorts has a 1-year low of $40.87 and a 1-year high of $60.36. The stock has a market cap of $3.09 billion, a P/E ratio of 14.33 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The firm had revenue of $497.60 million for the quarter, compared to analysts’ expectations of $503.93 million. During the same period in the prior year, the company earned $1.35 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. As a group, analysts forecast that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the transaction, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the transaction, the insider now owns 85,463 shares of the company’s stock, valued at approximately $4,524,411.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jayson Maxwell sold 545 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the transaction, the insider now directly owns 722 shares of the company’s stock, valued at approximately $35,695.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,366 shares of company stock valued at $1,938,984. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

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.