Six Flags Entertainment (NYSE:SIX) Given New $70.00 Price Target at B. Riley

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Six Flags Entertainment (NYSE:SIX) had its price objective upped by B. Riley from $64.00 to $70.00 in a research note published on Thursday, Briefing.com Automated Import reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on SIX. Wells Fargo & Co upgraded shares of Six Flags Entertainment from a market perform rating to an outperform rating and lifted their price objective for the company from $52.00 to $56.00 in a research note on Tuesday, July 9th. ValuEngine upgraded shares of Six Flags Entertainment from a sell rating to a hold rating in a research note on Saturday, August 10th. Finally, Wedbush upgraded shares of Six Flags Entertainment from a neutral rating to an outperform rating and lifted their price objective for the company from $51.00 to $62.00 in a research note on Wednesday, June 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Six Flags Entertainment currently has a consensus rating of Buy and an average price target of $62.70.

Six Flags Entertainment stock opened at $58.36 on Thursday. Six Flags Entertainment has a 1-year low of $46.68 and a 1-year high of $72.39. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 3.06 and a beta of 1.04. The firm has a 50 day simple moving average of $53.56 and a 200 day simple moving average of $52.87.

Six Flags Entertainment (NYSE:SIX) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. Six Flags Entertainment had a net margin of 18.35% and a negative return on equity of 41.03%. The business had revenue of $477.20 million during the quarter, compared to analyst estimates of $468.44 million. During the same period in the previous year, the business earned $0.88 EPS. Six Flags Entertainment’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Six Flags Entertainment will post 2.83 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Six Flags Entertainment by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,880,306 shares of the company’s stock valued at $341,813,000 after purchasing an additional 249,890 shares in the last quarter. BlackRock Inc. grew its position in shares of Six Flags Entertainment by 4.7% during the 2nd quarter. BlackRock Inc. now owns 6,826,552 shares of the company’s stock valued at $339,145,000 after purchasing an additional 304,187 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Six Flags Entertainment by 0.8% during the 1st quarter. Janus Henderson Group PLC now owns 4,565,393 shares of the company’s stock valued at $225,302,000 after purchasing an additional 36,096 shares in the last quarter. Royal Bank of Canada grew its position in shares of Six Flags Entertainment by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 1,834,338 shares of the company’s stock valued at $91,130,000 after purchasing an additional 268,500 shares in the last quarter. Finally, Cardinal Capital Management LLC CT lifted its holdings in shares of Six Flags Entertainment by 16.3% during the 2nd quarter. Cardinal Capital Management LLC CT now owns 1,715,662 shares of the company’s stock worth $85,234,000 after acquiring an additional 241,039 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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