Mizuho Initiates Coverage on United Parks & Resorts (NYSE:PRKS)

Mizuho started coverage on shares of United Parks & Resorts (NYSE:PRKS) in a research note issued on Tuesday, Marketbeat.com reports. The firm set an “underperform” rating and a $47.00 price target on the stock. Mizuho’s target price would suggest a potential downside of 11.92% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Truist Financial boosted their price target on shares of United Parks & Resorts from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. boosted their target price on shares of United Parks & Resorts from $57.00 to $61.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th.

United Parks & Resorts Stock Performance

Shares of NYSE PRKS opened at $53.36 on Tuesday. United Parks & Resorts has a 52-week low of $40.87 and a 52-week high of $61.76. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 14.70 and a beta of 1.80.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.16). The business had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. Analysts predict that United Parks & Resorts will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Byron Surrett sold 5,083 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $50.50, for a total transaction of $256,691.50. Following the completion of the sale, the insider now directly owns 15,306 shares of the company’s stock, valued at $772,953. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Byron Surrett sold 5,083 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $50.50, for a total transaction of $256,691.50. Following the completion of the transaction, the insider now directly owns 15,306 shares of the company’s stock, valued at $772,953. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kyle Robert Miller sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $52.50, for a total transaction of $52,500.00. Following the completion of the sale, the insider now owns 37,961 shares of the company’s stock, valued at approximately $1,992,952.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,165 shares of company stock valued at $367,057. 1.10% of the stock is owned by company insiders.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.