JPMorgan Chase & Co. Issues Positive Forecast for Six Flags Entertainment (NYSE:FUN) Stock Price

Six Flags Entertainment (NYSE:FUN) had its target price raised by stock analysts at JPMorgan Chase & Co. from $14.00 to $16.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 18.55% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Oppenheimer reduced their target price on shares of Six Flags Entertainment from $40.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Barclays reiterated an “overweight” rating and issued a $22.00 target price on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Guggenheim reduced their target price on shares of Six Flags Entertainment from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Citigroup downgraded shares of Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $20.00 in a research note on Thursday, February 5th. Finally, Truist Financial lifted their target price on shares of Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.38.

Six Flags Entertainment Stock Performance

FUN stock traded up $1.51 during mid-day trading on Wednesday, hitting $19.64. The company had a trading volume of 3,021,908 shares, compared to its average volume of 2,054,463. The firm has a market cap of $2.00 billion, a PE ratio of -1.24 and a beta of 0.35. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.59 and a current ratio of 0.69. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $38.47. The stock’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.28.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The company had revenue of $650.09 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts forecast that Six Flags Entertainment will post -0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake in Six Flags Entertainment by 145.5% during the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after acquiring an additional 975 shares in the last quarter. Atlas Wealth LLC purchased a new position in Six Flags Entertainment during the first quarter valued at approximately $26,000. Danske Bank A S purchased a new position in Six Flags Entertainment during the third quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Six Flags Entertainment during the fourth quarter valued at approximately $28,000. Finally, Ameritas Advisory Services LLC purchased a new position in Six Flags Entertainment during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.65% of the company’s stock.

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.