KeyCorp set a $37.00 price objective on SeaWorld Entertainment (NYSE:SEAS) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the stock.

SEAS has been the subject of several other reports. Zacks Investment Research upgraded SeaWorld Entertainment from a hold rating to a buy rating and set a $29.00 price objective for the company in a research report on Thursday, February 21st. Wedbush lifted their price objective on SeaWorld Entertainment from $25.00 to $30.00 and gave the stock a neutral rating in a research report on Friday, March 1st. Macquarie upgraded SeaWorld Entertainment from a neutral rating to an outperform rating and set a $26.12 price objective for the company in a research report on Friday, March 8th. Citigroup lifted their price objective on SeaWorld Entertainment from $20.00 to $21.00 and gave the stock a sell rating in a research report on Wednesday, December 19th. Finally, ValuEngine downgraded SeaWorld Entertainment from a strong-buy rating to a buy rating in a research report on Thursday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $31.51.

Shares of NYSE:SEAS opened at $23.51 on Tuesday. The company has a market cap of $2.03 billion, a PE ratio of 26.25 and a beta of 1.49. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.36 and a current ratio of 0.47. SeaWorld Entertainment has a 12 month low of $13.87 and a 12 month high of $32.47.

SeaWorld Entertainment (NYSE:SEAS) last announced its quarterly earnings results on Thursday, February 28th. The company reported ($0.13) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). SeaWorld Entertainment had a return on equity of 28.25% and a net margin of 3.26%. The business had revenue of $280.00 million for the quarter, compared to analyst estimates of $276.09 million. During the same quarter in the previous year, the company earned ($0.24) EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that SeaWorld Entertainment will post 1.23 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of SEAS. Bank of Montreal Can raised its holdings in SeaWorld Entertainment by 85.1% in the 3rd quarter. Bank of Montreal Can now owns 7,290 shares of the company’s stock valued at $229,000 after acquiring an additional 3,352 shares during the last quarter. SG Americas Securities LLC acquired a new position in SeaWorld Entertainment in the 3rd quarter valued at $1,215,000. Trexquant Investment LP raised its holdings in SeaWorld Entertainment by 264.5% in the 3rd quarter. Trexquant Investment LP now owns 79,626 shares of the company’s stock valued at $2,503,000 after acquiring an additional 57,782 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in SeaWorld Entertainment by 164.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 730,700 shares of the company’s stock valued at $22,966,000 after acquiring an additional 454,900 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. acquired a new position in SeaWorld Entertainment in the 3rd quarter valued at $32,064,000. Institutional investors own 83.62% of the company’s stock.

SeaWorld Entertainment Company Profile

SeaWorld Entertainment, Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

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Analyst Recommendations for SeaWorld Entertainment (NYSE:SEAS)

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