Six Flags Entertainment Corporation (NYSE:FUN) Receives $23.69 Average Target Price from Analysts

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.6923.

Several research analysts recently commented on FUN shares. Citigroup downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $20.00 in a research note on Thursday, February 5th. Truist Financial raised their target price on Six Flags Entertainment from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. Jefferies Financial Group reduced their price target on Six Flags Entertainment from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 13th. Barclays reissued an “overweight” rating and issued a $22.00 price objective on shares of Six Flags Entertainment in a report on Monday, February 23rd. Finally, Morgan Stanley set a $18.00 price target on shares of Six Flags Entertainment in a research note on Friday, February 20th.

Institutional Trading of Six Flags Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of FUN. Louisiana State Employees Retirement System acquired a new stake in shares of Six Flags Entertainment in the 1st quarter valued at $799,000. Hsbc Holdings PLC acquired a new stake in shares of Six Flags Entertainment during the 4th quarter worth about $894,000. Alpine Global Management LLC acquired a new position in Six Flags Entertainment in the fourth quarter valued at approximately $185,000. Aristides Capital LLC acquired a new stake in Six Flags Entertainment during the 4th quarter worth $207,000. Finally, Invesco Ltd. lifted its position in Six Flags Entertainment by 32.0% in the fourth quarter. Invesco Ltd. now owns 461,411 shares of the company’s stock valued at $7,078,000 after acquiring an additional 111,931 shares during the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Price Performance

Shares of NYSE FUN opened at $19.45 on Tuesday. The company has a debt-to-equity ratio of 9.40, a current ratio of 0.69 and a quick ratio of 0.59. The firm’s 50 day simple moving average is $17.37 and its 200-day simple moving average is $17.46. Six Flags Entertainment has a 12 month low of $12.51 and a 12 month high of $38.47. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -1.23 and a beta of 0.32.

Six Flags Entertainment (NYSE:FUN) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.60). Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The firm had revenue of $650.09 million during the quarter, compared to analyst estimates of $602.68 million. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts expect that Six Flags Entertainment will post -0.39 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.