Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $46.40

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have earned a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $46.40.

A number of equities research analysts have commented on the stock. Truist Financial reduced their price target on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Mizuho dropped their price objective on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a report on Monday, March 2nd. Citigroup cut their price objective on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Guggenheim reduced their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th.

United Parks & Resorts Stock Performance

United Parks & Resorts stock opened at $31.25 on Wednesday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 2.16 and a beta of 1.18. United Parks & Resorts has a 52-week low of $29.62 and a 52-week high of $56.95. The stock’s 50 day moving average price is $35.39 and its two-hundred day moving average price is $40.39.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.18). United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The company had revenue of $373.55 million during the quarter, compared to the consensus estimate of $375.87 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that United Parks & Resorts will post 3.95 EPS for the current year.

Institutional Investors Weigh In On United Parks & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of United Parks & Resorts during the second quarter valued at about $12,019,000. Principal Financial Group Inc. acquired a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $6,876,000. State of Alaska Department of Revenue acquired a new stake in shares of United Parks & Resorts in the 3rd quarter worth about $865,000. ING Groep NV bought a new position in United Parks & Resorts in the 3rd quarter valued at about $18,095,000. Finally, Clark Estates Inc. NY lifted its position in United Parks & Resorts by 57.7% in the 3rd quarter. Clark Estates Inc. NY now owns 205,000 shares of the company’s stock valued at $10,598,000 after acquiring an additional 75,000 shares in the last quarter.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.