Six Flags Entertainment Co. (NYSE:SIX) Receives $51.38 Consensus Target Price from Brokerages

Shares of Six Flags Entertainment Co. (NYSE:SIX) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $51.38.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Six Flags Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, July 31st. Wedbush raised shares of Six Flags Entertainment from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $44.00 to $50.00 in a research report on Monday, July 26th. Finally, Stifel Nicolaus boosted their target price on shares of Six Flags Entertainment from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 21st.

SIX stock opened at $41.10 on Friday. Six Flags Entertainment has a 12 month low of $19.02 and a 12 month high of $51.75. The firm has a market cap of $3.53 billion, a PE ratio of -15.51 and a beta of 2.50. The firm has a 50 day simple moving average of $41.01 and a 200 day simple moving average of $44.11.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Tuesday, July 27th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.94. The business had revenue of $459.79 million for the quarter, compared to analyst estimates of $325.98 million. Equities analysts forecast that Six Flags Entertainment will post 0.9 earnings per share for the current year.

In other Six Flags Entertainment news, Director Arik W. Ruchim acquired 75,000 shares of the company’s stock in a transaction dated Thursday, August 19th. The stock was bought at an average price of $37.89 per share, for a total transaction of $2,841,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.76% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in SIX. Captrust Financial Advisors increased its position in Six Flags Entertainment by 67.2% in the 1st quarter. Captrust Financial Advisors now owns 627 shares of the company’s stock valued at $29,000 after acquiring an additional 252 shares in the last quarter. Ninety One SA PTY Ltd bought a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $30,000. Sowell Financial Services LLC boosted its stake in shares of Six Flags Entertainment by 403.7% in the 1st quarter. Sowell Financial Services LLC now owns 680 shares of the company’s stock valued at $30,000 after purchasing an additional 545 shares during the last quarter. Eaton Vance Management bought a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $32,000. Finally, BDO Wealth Advisors LLC bought a new position in shares of Six Flags Entertainment in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 85.68% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr. in 1961 and is headquartered in Arlington, TX.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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