Six Flags Entertainment Co. (NYSE:SIX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Six Flags Entertainment Co. (NYSE:SIX) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $28.31.

A number of analysts recently commented on SIX shares. Truist Financial boosted their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Citigroup boosted their price target on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 1st. StockNews.com assumed coverage on shares of Six Flags Entertainment in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Finally, B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $31.00 in a research report on Thursday.

Six Flags Entertainment Trading Down 0.8 %

SIX stock opened at $23.58 on Friday. The firm’s 50-day moving average is $25.26 and its two-hundred day moving average is $24.17. Six Flags Entertainment has a 52 week low of $18.29 and a 52 week high of $28.99. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 51.26 and a beta of 2.20.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. The business had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. On average, equities research analysts predict that Six Flags Entertainment will post 1.79 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Large investors have recently bought and sold shares of the stock. Clear Street Markets LLC acquired a new position in Six Flags Entertainment during the 4th quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Six Flags Entertainment during the 3rd quarter valued at $27,000. National Bank of Canada FI raised its stake in Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Six Flags Entertainment by 64.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock valued at $33,000 after purchasing an additional 559 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Six Flags Entertainment by 34.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,685 shares of the company’s stock valued at $37,000 after purchasing an additional 428 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Company Profile

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 sells food, beverages, merchandise, and other products and services within its parks.