Today: Six Flags Entertainment Corp. (SIX) Receives $60.30 Average Price Target from Analysts

Today: Six Flags Entertainment Corp. (SIX) Receives $60.30 Average Price Target from Analysts

Shares of Six Flags Entertainment Corp. (NYSE:SIX) have received an average recommendation of “Buy” from the fourteen research firms that are presently covering the company. Seven analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.30.

SIX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Six Flags Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $65.00 price objective on shares of Six Flags Entertainment Corp. in a report on Tuesday, August 23rd. Hilliard Lyons began coverage on shares of Six Flags Entertainment Corp. in a report on Tuesday, August 23rd. They issued a “buy” rating on the stock. Janney Montgomery Scott restated a “buy” rating and issued a $64.00 price objective on shares of Six Flags Entertainment Corp. in a report on Thursday, September 15th. Finally, TheStreet upgraded shares of Six Flags Entertainment Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th.

In other Six Flags Entertainment Corp. news, VP Lance C. Balk sold 20,000 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $59.11, for a total value of $1,182,200.00. Following the sale, the vice president now directly owns 90,343 shares of the company’s stock, valued at approximately $5,340,174.73. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Walter Hawrylak sold 22,883 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,154,905.01. The disclosure for this sale can be found here. 7.10% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in SIX. Columbus Circle Investors purchased a new stake in shares of Six Flags Entertainment Corp. during the second quarter worth approximately $65,948,000. Calamos Advisors LLC bought a new position in shares of Six Flags Entertainment Corp. during the second quarter valued at about $37,670,000. Vanguard Group Inc. boosted its position in shares of Six Flags Entertainment Corp. by 8.9% in the second quarter. Vanguard Group Inc. now owns 5,619,046 shares of the company’s stock valued at $325,623,000 after buying an additional 458,380 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Six Flags Entertainment Corp. by 105.9% in the first quarter. Renaissance Technologies LLC now owns 563,400 shares of the company’s stock valued at $31,263,000 after buying an additional 289,800 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Six Flags Entertainment Corp. during the second quarter valued at about $15,527,000. 88.53% of the stock is currently owned by institutional investors.

Shares of Six Flags Entertainment Corp. (NYSE:SIX) opened at 50.75 on Friday. Six Flags Entertainment Corp. has a 52 week low of $45.24 and a 52 week high of $62.69. The firm has a 50-day moving average of $51.50 and a 200 day moving average of $55.71. The firm has a market capitalization of $4.71 billion, a P/E ratio of 28.70 and a beta of 1.44.

Six Flags Entertainment Corp. (NYSE:SIX) last posted its earnings results on Wednesday, July 27th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.06. The firm earned $407 million during the quarter, compared to analyst estimates of $406.13 million. Six Flags Entertainment Corp. had a net margin of 13.19% and a return on equity of 3,451.32%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, equities research analysts expect that Six Flags Entertainment Corp. will post $1.82 EPS for the current fiscal year.

Related posts

Leave a Comment