Six Flags Entertainment (NYSE:SIX) PT Lowered to $55.00

Six Flags Entertainment (NYSE:SIXGet Rating) had its price target decreased by equities research analysts at B. Riley from $63.00 to $55.00 in a report released on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective points to a potential upside of 33.53% from the company’s current price.

Other research analysts have also issued research reports about the company. Oppenheimer upgraded Six Flags Entertainment from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research report on Tuesday, January 18th. StockNews.com started coverage on Six Flags Entertainment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered Six Flags Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft upgraded Six Flags Entertainment from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $57.00 in a research report on Friday, March 4th. Finally, Citigroup dropped their price objective on Six Flags Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $53.31.

NYSE:SIX opened at $41.19 on Thursday. Six Flags Entertainment has a 12-month low of $35.75 and a 12-month high of $50.07. The firm has a market capitalization of $3.55 billion, a P/E ratio of 28.02 and a beta of 2.30. The business has a 50 day simple moving average of $42.14 and a 200 day simple moving average of $41.72.

Six Flags Entertainment (NYSE:SIXGet Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.10. Six Flags Entertainment had a negative return on equity of 11.88% and a net margin of 8.68%. The business had revenue of $317.00 million during the quarter, compared to analyst estimates of $268.33 million. During the same quarter in the previous year, the firm posted ($1.00) EPS. The business’s revenue for the quarter was up 190.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Six Flags Entertainment will post 2.29 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in SIX. Candlestick Capital Management LP acquired a new stake in shares of Six Flags Entertainment during the fourth quarter worth $81,453,000. Long Pond Capital LP acquired a new stake in shares of Six Flags Entertainment during the fourth quarter worth $63,657,000. Renaissance Technologies LLC raised its position in shares of Six Flags Entertainment by 244.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,578,300 shares of the company’s stock worth $67,204,000 after purchasing an additional 1,120,700 shares during the period. Barclays PLC raised its position in shares of Six Flags Entertainment by 324.4% during the fourth quarter. Barclays PLC now owns 1,283,605 shares of the company’s stock worth $54,657,000 after purchasing an additional 981,131 shares during the period. Finally, Norges Bank acquired a new stake in shares of Six Flags Entertainment during the fourth quarter worth $30,040,000. 87.55% of the stock is currently owned by institutional investors.

About Six Flags Entertainment (Get Rating)

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 also sells food, beverages, merchandise, and other products and services within its parks.

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