United Parks & Resorts Inc. (NYSE:PRKS) Receives $52.09 Consensus Price Target from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $52.0909.

PRKS has been the topic of a number of research analyst reports. Barclays dropped their price target on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday. Mizuho dropped their target price on United Parks & Resorts from $46.00 to $28.00 and set an “underperform” rating on the stock in a report on Wednesday. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, The Goldman Sachs Group reduced their target price on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, November 10th.

United Parks & Resorts Stock Performance

PRKS opened at $31.95 on Thursday. The company has a fifty day moving average price of $48.94 and a two-hundred day moving average price of $48.29. The firm has a market capitalization of $1.74 billion, a PE ratio of 8.54 and a beta of 1.38. United Parks & Resorts has a 52 week low of $31.86 and a 52 week high of $60.83.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.63). The company had revenue of $511.85 million for the quarter, compared to analyst estimates of $540.43 million. United Parks & Resorts had a negative return on equity of 47.59% and a net margin of 12.39%.United Parks & Resorts’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 earnings per share. Equities analysts forecast that United Parks & Resorts will post 3.95 EPS for the current year.

United Parks & Resorts declared that its Board of Directors has authorized a share buyback program on Friday, September 5th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Trading of United Parks & Resorts

A number of institutional investors have recently bought and sold shares of the business. Creative Planning bought a new stake in shares of United Parks & Resorts in the 3rd quarter valued at $217,000. Schonfeld Strategic Advisors LLC grew its holdings in United Parks & Resorts by 25.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 63,847 shares of the company’s stock worth $3,301,000 after buying an additional 13,139 shares in the last quarter. SummitTX Capital L.P. increased its position in shares of United Parks & Resorts by 58.4% during the third quarter. SummitTX Capital L.P. now owns 43,621 shares of the company’s stock valued at $2,255,000 after acquiring an additional 16,089 shares during the last quarter. Man Group plc purchased a new position in United Parks & Resorts in the third quarter valued at about $8,108,000. Finally, Interval Partners LP lifted its position in shares of United Parks & Resorts by 753.2% during the 3rd quarter. Interval Partners LP now owns 174,059 shares of the company’s stock valued at $8,999,000 after buying an additional 153,659 shares during 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.