United Parks & Resorts (NYSE:PRKS) Upgraded by Mizuho to “Outperform” Rating

Mizuho upgraded shares of United Parks & Resorts (NYSE:PRKS) from an underperform rating to an outperform rating in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Mizuho currently has $47.00 price target on the stock, up from their previous price target of $27.00.

Several other analysts have also recently commented on PRKS. Citigroup reduced their target price on shares of United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Zacks Research cut shares of United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parks & Resorts from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Guggenheim reduced their target price on shares of United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.50.

United Parks & Resorts Stock Performance

PRKS stock opened at $39.10 on Friday. United Parks & Resorts has a one year low of $28.77 and a one year high of $56.95. The stock has a market capitalization of $1.87 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 2.81 and a beta of 1.14. The company has a fifty day moving average of $33.96 and a 200-day moving average of $36.36.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The firm had revenue of $373.55 million during the quarter, compared to analyst estimates of $375.87 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that United Parks & Resorts will post 3.54 earnings per share for the current fiscal year.

Institutional Trading of United Parks & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in PRKS. AQR Capital Management LLC lifted its stake in shares of United Parks & Resorts by 11.7% in the first quarter. AQR Capital Management LLC now owns 12,220 shares of the company’s stock valued at $556,000 after purchasing an additional 1,282 shares during the period. Goldman Sachs Group Inc. raised its position in United Parks & Resorts by 58.9% during the first quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock worth $30,859,000 after acquiring an additional 251,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in United Parks & Resorts by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock worth $4,651,000 after acquiring an additional 3,047 shares during the last quarter. Prudential Financial Inc. acquired a new position in United Parks & Resorts during the second quarter worth about $208,000. Finally, Invesco Ltd. raised its position in United Parks & Resorts by 5.8% during the second quarter. Invesco Ltd. now owns 77,357 shares of the company’s stock worth $3,647,000 after acquiring an additional 4,209 shares during the last quarter.

United Parks & Resorts Company Profile

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.