Six Flags Entertainment (NYSE:SIX) Raised to Buy at Zacks Investment Research

Six Flags Entertainment (NYSE:SIXGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm presently has a $45.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.98% from the stock’s previous close.

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. “

Other analysts have also recently issued research reports about the stock. Rosenblatt Securities initiated coverage on shares of Six Flags Entertainment in a research note on Monday. They issued a “buy” rating and a $56.00 price objective on the stock. B. Riley reduced their price objective on shares of Six Flags Entertainment from $63.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. Citigroup reduced their price objective on shares of Six Flags Entertainment from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, April 19th. Oppenheimer raised shares of Six Flags Entertainment from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a research note on Tuesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $57.00 in a report on Friday, March 4th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $53.36.

NYSE SIX opened at $39.83 on Thursday. The firm’s fifty day moving average price is $41.82 and its two-hundred day moving average price is $41.66. The stock has a market cap of $3.44 billion, a PE ratio of 27.10 and a beta of 2.30. Six Flags Entertainment has a fifty-two week low of $35.75 and a fifty-two week high of $50.07.

Six Flags Entertainment (NYSE:SIXGet Rating) last issued its quarterly earnings data on Thursday, February 24th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.10. Six Flags Entertainment had a net margin of 8.68% and a negative return on equity of 11.88%. The company had revenue of $317.00 million for the quarter, compared to analysts’ expectations of $268.33 million. During the same quarter in the previous year, the firm posted ($1.00) earnings per share. Six Flags Entertainment’s revenue for the quarter was up 190.8% on a year-over-year basis. As a group, analysts expect that Six Flags Entertainment will post 2.29 EPS for the current year.

Large investors have recently bought and sold shares of the company. Bamco Inc. NY increased its position in shares of Six Flags Entertainment by 3.8% during the third quarter. Bamco Inc. NY now owns 872,190 shares of the company’s stock worth $37,068,000 after acquiring an additional 32,050 shares in the last quarter. Yousif Capital Management LLC bought a new position in shares of Six Flags Entertainment during the 4th quarter valued at approximately $1,826,000. Pearl River Capital LLC grew its position in shares of Six Flags Entertainment by 204.5% during the 3rd quarter. Pearl River Capital LLC now owns 37,010 shares of the company’s stock valued at $1,573,000 after acquiring an additional 24,857 shares during the period. Atom Investors LP bought a new position in shares of Six Flags Entertainment during the 3rd quarter valued at approximately $522,000. Finally, Geode Capital Management LLC grew its position in shares of Six Flags Entertainment by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 961,467 shares of the company’s stock valued at $40,862,000 after acquiring an additional 31,168 shares during the period. 87.55% of the stock is owned by institutional investors.

About Six Flags Entertainment (Get Rating)

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company also sells food, beverages, merchandise, and other products and services within its parks.

Read More

Get a free copy of the Zacks research report on Six Flags Entertainment (SIX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

Receive News & Ratings for Six Flags Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.