Six Flags Entertainment Corp Stock Rating Upgraded by Zacks (SIX)

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Six Flags Entertainment Corp (NYSE:SIX) was upgraded by Zacks from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports.

According to Zacks, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY. “

SIX has been the subject of a number of other recent research reports. Analysts at B. Riley reiterated a “buy” rating and set a $55.00 price target on shares of Six Flags Entertainment Corp in a research note on Monday. Analysts at Credit Suisse reiterated an “outperform” rating and set a $58.00 price target on shares of Six Flags Entertainment Corp in a research note on Friday, July 10th. Analysts at Oppenheimer reiterated an “outperform” rating and set a $56.00 price target on shares of Six Flags Entertainment Corp in a research note on Friday, June 12th. Analysts at Wedbush initiated coverage on shares of Six Flags Entertainment Corp in a research note on Thursday, May 14th. They set an “outperform” rating and a $58.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Six Flags Entertainment Corp from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock in a research note on Monday, April 27th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $52.73.

In other Six Flags Entertainment Corp news, CEO James Reid-Anderson sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $50.08, for a total transaction of $7,512,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Six Flags Entertainment Corp (NYSE:SIX) traded down 1.50% during mid-day trading on Thursday, hitting $45.46. 1,249,672 shares of the company’s stock traded hands. Six Flags Entertainment Corp has a one year low of $31.77 and a one year high of $51.09. The stock has a 50-day moving average of $46.69 and a 200-day moving average of $46.74. The company has a market cap of $4.31 billion and a price-to-earnings ratio of 67.45.

Six Flags Entertainment Corp (NYSE:SIX) last released its earnings data on Wednesday, July 22nd. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.05. The company had revenue of $386.00 million for the quarter, compared to the consensus estimate of $401.38 million. During the same quarter last year, the company posted $0.67 earnings per share. Six Flags Entertainment Corp’s revenue was up 2.5% compared to the same quarter last year. Analysts expect that Six Flags Entertainment Corp will post $1.54 EPS for the current fiscal year.

Six Flags Entertainment Corporation (NYSE:SIX) is a regional theme park operator. The Company operates 18 regional theme and water parks. Of these, 16 are located in the United States, one is located in Mexico City, Mexico and one is located in Montreal, Canada. Its parks generally offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The Company’s parks offer approximately 800 rides, including over 130 roller coasters. Its parks include Six Flags America, Six Flags Discovery Kingdom, Six Flags Fiesta Texas, Six Flags Great Adventure & Safari, Six Flags Great America, Six Flags St. Louis, Six Flags Magic Mountain, Six Flags Mexico, Six Flags New England, Six Flags Over Georgia, Six Flags Whitewater Atlanta, Six Flags Over Texas, La Ronde and Six Flags Great Escape Lodge & Indoor Waterpark.

To get a free copy of the research report on Six Flags Entertainment Corp (SIX), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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