United Parks & Resorts (NYSE:PRKS) Price Target Raised to $53.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its target price hoisted by Truist Financial from $47.00 to $53.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

PRKS has been the subject of several other reports. Guggenheim dropped their price objective on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of United Parks & Resorts in a research report on Monday, December 29th. Citigroup dropped their price target on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Zacks Research raised United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Mizuho cut their price objective on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating for the company in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.00.

United Parks & Resorts Trading Down 0.5%

Shares of PRKS opened at $31.06 on Thursday. United Parks & Resorts has a 12 month low of $29.62 and a 12 month high of $56.95. The firm’s 50 day moving average is $34.86 and its 200-day moving average is $39.94. The stock has a market capitalization of $1.51 billion, a PE ratio of 10.18, a P/E/G ratio of 2.16 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.18). The company had revenue of $373.55 million during the quarter, compared to the consensus estimate of $375.87 million. United Parks & Resorts had a net margin of 10.13% and a negative return on equity of 41.63%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. Equities research analysts predict that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parks & Resorts

Large investors have recently modified their holdings of the business. Sound Income Strategies LLC bought a new position in shares of United Parks & Resorts in the 4th quarter valued at $25,000. CWM LLC lifted its position in shares of United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock worth $26,000 after buying an additional 211 shares during the last quarter. Federated Hermes Inc. boosted its stake in United Parks & Resorts by 114.0% in the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after buying an additional 293 shares in the last quarter. Quarry LP acquired a new stake in United Parks & Resorts in the third quarter valued at about $28,000. Finally, Rockefeller Capital Management L.P. grew its position in United Parks & Resorts by 183.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares during the last quarter.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.