Six Flags Entertainment (NYSE:SIX) Price Target Cut to $41.00

Six Flags Entertainment (NYSE:SIXGet Rating) had its price objective reduced by investment analysts at Citigroup from $51.00 to $41.00 in a research report issued to clients and investors on Friday, The Fly reports. Citigroup’s target price suggests a potential upside of 44.88% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Rosenblatt Securities assumed coverage on shares of Six Flags Entertainment in a report on Monday, April 25th. They set a “buy” rating and a $56.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $57.00 in a report on Friday, March 4th. B. Riley decreased their target price on shares of Six Flags Entertainment from $63.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, April 21st. Zacks Investment Research raised shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, April 28th. Finally, StockNews.com started coverage on shares of Six Flags Entertainment in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $52.20.

NYSE SIX opened at $28.30 on Friday. The firm’s fifty day moving average price is $40.04 and its two-hundred day moving average price is $41.03. The stock has a market cap of $2.44 billion, a PE ratio of 19.25 and a beta of 2.22. Six Flags Entertainment has a fifty-two week low of $26.84 and a fifty-two week high of $47.61.

Six Flags Entertainment (NYSE:SIXGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.07) by $0.31. Six Flags Entertainment had a net margin of 8.68% and a negative return on equity of 11.88%. The business had revenue of $138.10 million for the quarter, compared to analyst estimates of $122.26 million. During the same quarter in the previous year, the business earned ($1.12) earnings per share. Six Flags Entertainment’s revenue for the quarter was up 68.4% on a year-over-year basis. As a group, analysts expect that Six Flags Entertainment will post 2.29 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in Six Flags Entertainment in the 1st quarter worth about $35,000. Acadian Asset Management LLC bought a new position in shares of Six Flags Entertainment during the 4th quarter valued at approximately $39,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Six Flags Entertainment by 58.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,159 shares of the company’s stock valued at $51,000 after acquiring an additional 428 shares during the period. Spire Wealth Management grew its position in shares of Six Flags Entertainment by 464.1% during the 4th quarter. Spire Wealth Management now owns 1,258 shares of the company’s stock valued at $54,000 after acquiring an additional 1,035 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Six Flags Entertainment during the 4th quarter valued at approximately $75,000. 88.55% of the stock is owned by institutional investors and hedge funds.

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.

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