Seaworld Entertainment Upgraded by Zacks to Outperform (SEAS)
Seaworld Entertainment (NASDAQ:SEAS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $32.80 target price on the stock. Zacks‘ price target would suggest a potential upside of 14.13% from the stock’s previous close.
Seaworld Entertainment (NASDAQ:SEAS) traded down 0.21% on Tuesday, hitting $28.68. 137,012 shares of the company’s stock traded hands. Seaworld Entertainment has a one year low of $27.48 and a one year high of $39.65. The stock’s 50-day moving average is $30.12 and its 200-day moving average is $34.47. The company has a market cap of $2.676 billion and a price-to-earnings ratio of 90.38.
Seaworld Entertainment (NASDAQ:SEAS) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.10. The company had revenue of $649.90 million for the quarter, compared to the consensus estimate of $434.50 million. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that Seaworld Entertainment will post $1.11 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Hanson initiated coverage on shares of Seaworld Entertainment in a research note to investors on Monday. They set a “buy” rating on the stock. Analysts at Barclays cut their price target on shares of Seaworld Entertainment from $40.00 to $39.00 in a research note to investors on Wednesday, August 14th. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.30.
SeaWorld Entertainment, Inc is a theme park and entertainment company. The Company is engaged in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world.
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