Mizuho Issues Pessimistic Forecast for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS) had its price target cut by Mizuho from $28.00 to $27.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Mizuho’s target price would indicate a potential downside of 21.31% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Truist Financial reduced their price target on shares of United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Barclays cut their target price on shares of United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 11th. Citigroup reduced their target price on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. The Goldman Sachs Group decreased their price target on United Parks & Resorts from $51.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. cut their price objective on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.09.

United Parks & Resorts Stock Up 1.1%

Shares of PRKS opened at $34.31 on Monday. The company has a 50-day moving average price of $36.30 and a two-hundred day moving average price of $42.16. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 2.34 and a beta of 1.18. United Parks & Resorts has a 12 month low of $29.62 and a 12 month high of $56.95.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share 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 revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. Equities research analysts expect that United Parks & Resorts will post 3.95 EPS for the current fiscal year.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.12, for a total value of $252,864.00. Following the transaction, the insider directly owned 138,285 shares in the company, valued at approximately $4,856,569.20. This trade represents a 4.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC acquired a new stake in United Parks & Resorts during the 2nd quarter worth $1,533,000. Norges Bank acquired a new position in United Parks & Resorts in the second quarter valued at about $12,019,000. Principal Financial Group Inc. acquired a new position in United Parks & Resorts in the third quarter valued at about $6,876,000. State of Alaska Department of Revenue bought a new stake in shares of United Parks & Resorts in the third quarter worth about $865,000. Finally, ING Groep NV acquired a new stake in shares of United Parks & Resorts during the third quarter worth about $18,095,000.

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.