Six Flags Entertainment Corporation (NYSE:FUN) Receives $23.69 Consensus Price Target from Analysts

Six Flags Entertainment Corporation (NYSE:FUN) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.6923.

Several research firms recently issued reports on FUN. Morgan Stanley set a $18.00 price target on shares of Six Flags Entertainment in a research report on Friday, February 20th. Citigroup lowered shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Thursday, January 22nd. Mizuho increased their price target on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Truist Financial increased their price target on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th.

Institutional Trading of Six Flags Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 722 shares in the last quarter. Danske Bank A S acquired a new stake in Six Flags Entertainment in the third quarter valued at approximately $27,000. Ameritas Advisory Services LLC acquired a new stake in Six Flags Entertainment in the third quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its position in Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after buying an additional 975 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Six Flags Entertainment in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Stock Performance

NYSE FUN opened at $19.99 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.59 and a debt-to-equity ratio of 9.40. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -1.26 and a beta of 0.32. The firm’s 50 day simple moving average is $17.35 and its 200 day simple moving average is $17.53. Six Flags Entertainment has a 1 year low of $12.51 and a 1 year high of $38.47.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The firm had revenue of $650.09 million for the quarter, compared to analyst estimates of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The company’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.