Six Flags Entertainment Co. (NYSE:SIX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Six Flags Entertainment Co. (NYSE:SIX) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $28.31.

Several equities analysts have issued reports on SIX shares. Citigroup upped their price objective on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Truist Financial upped their price objective on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. StockNews.com started coverage on shares of Six Flags Entertainment in a research note on Sunday. They issued a “hold” rating for the company. Finally, B. Riley upgraded shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $31.00 in a research note on Thursday, April 18th.

Six Flags Entertainment Trading Up 0.8 %

Shares of SIX stock opened at $23.96 on Friday. The firm has a fifty day moving average price of $25.19 and a 200 day moving average price of $24.22. The company has a market cap of $2.02 billion, a P/E ratio of 52.22 and a beta of 2.20. Six Flags Entertainment has a 12 month low of $18.29 and a 12 month high of $28.99.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). The firm had revenue of $292.55 million for the quarter, compared to analyst estimates of $298.42 million. Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. On average, equities analysts forecast that Six Flags Entertainment will post 1.79 EPS for the current year.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds have recently made changes to their positions in SIX. International Assets Investment Management LLC purchased a new position in Six Flags Entertainment during the third quarter worth about $27,000. SG Americas Securities LLC purchased a new position in Six Flags Entertainment during the third quarter worth about $549,000. New York State Teachers Retirement System raised its holdings in Six Flags Entertainment by 1.0% during the third quarter. New York State Teachers Retirement System now owns 81,574 shares of the company’s stock worth $1,918,000 after purchasing an additional 782 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Six Flags Entertainment by 26.4% during the third quarter. Victory Capital Management Inc. now owns 25,388 shares of the company’s stock worth $597,000 after purchasing an additional 5,302 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Six Flags Entertainment during the third quarter worth about $4,188,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.