Brokerages Set Six Flags Entertainment Corporation (NYSE:FUN) Price Target at $34.21

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.2143.

FUN has been the subject of several recent research reports. Citigroup decreased their price target on shares of Six Flags Entertainment from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, July 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Six Flags Entertainment in a research report on Wednesday, October 8th. UBS Group decreased their price objective on shares of Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Stifel Nicolaus decreased their price objective on shares of Six Flags Entertainment from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, July 18th. Finally, Oppenheimer decreased their price objective on shares of Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th.

Six Flags Entertainment Stock Performance

Shares of FUN stock opened at $24.90 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. Six Flags Entertainment has a 52 week low of $20.00 and a 52 week high of $49.77. The stock has a market capitalization of $2.52 billion, a PE ratio of -5.13 and a beta of 0.71. The firm has a 50 day moving average of $23.14 and a two-hundred day moving average of $28.99.

Six Flags Entertainment (NYSE:FUN) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.53). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The business had revenue of $930.39 million during the quarter, compared to analysts’ expectations of $999.82 million. Six Flags Entertainment’s revenue was up 62.8% on a year-over-year basis. On average, research analysts predict that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Six Flags Entertainment by 259.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 722 shares during the last quarter. Allworth Financial LP lifted its position in shares of Six Flags Entertainment by 1,179.0% during the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company’s stock worth $46,000 after purchasing an additional 1,403 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company’s stock worth $55,000 after purchasing an additional 884 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of Six Flags Entertainment during the 2nd quarter worth $56,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Six Flags Entertainment during the 3rd quarter worth $59,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.