Six Flags Entertainment Corporation (NYSE:FUN) Receives $24.85 Average Target Price from Brokerages

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.8462.

Several research firms recently commented on FUN. The Goldman Sachs Group upped their price objective on Six Flags Entertainment from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley set a $18.00 price objective on Six Flags Entertainment in a research note on Friday, February 20th. Barclays boosted their target price on shares of Six Flags Entertainment from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Zacks Research raised shares of Six Flags Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised shares of Six Flags Entertainment from an “underweight” rating to a “neutral” rating and set a $26.00 target price on the stock in a report on Friday, May 8th.

Institutional Investors Weigh In On Six Flags Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC raised its holdings in Six Flags Entertainment by 145.5% during the 4th quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after acquiring an additional 975 shares during the period. Atlas Wealth LLC bought a new stake in Six Flags Entertainment during the 1st quarter valued at $26,000. Danske Bank A S bought a new stake in Six Flags Entertainment during the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Six Flags Entertainment during the 4th quarter valued at $28,000. Finally, Ameritas Advisory Services LLC bought a new stake in Six Flags Entertainment during the 3rd quarter valued at $30,000. Institutional investors own 64.65% of the company’s stock.

Six Flags Entertainment Price Performance

Six Flags Entertainment stock opened at $19.31 on Friday. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $38.27. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 19.13. The business’s 50 day simple moving average is $18.08 and its 200 day simple moving average is $17.16. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -1.18 and a beta of 0.35.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($2.65) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.06. Six Flags Entertainment had a positive return on equity of 5.17% and a negative net margin of 52.76%.The business had revenue of $225.63 million for the quarter, compared to the consensus estimate of $207.49 million. Sell-side analysts forecast that Six Flags Entertainment will post -0.49 EPS for the current 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.