Zacks Downgrades Seaworld Entertainment to Neutral (SEAS)
Seaworld Entertainment (NASDAQ:SEAS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, American Banking News reports. They currently have a $36.00 price objective on the stock. Zacks‘ price target would suggest a potential upside of 16.96% from the company’s current price.
In other Seaworld Entertainment news, Insider Daniel Bruce Brown unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the completion of the sale, the insider now directly owns 272,621 shares in the company, valued at approximately $8,178,630. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Seaworld Entertainment (NASDAQ:SEAS) last released its earnings data on Wednesday, November 13th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.23 by $0.10. The company had revenue of $538.40 million for the quarter, compared to the consensus estimate of $546.70 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis.
A number of other firms have also recently commented on SEAS. Analysts at Thomson Reuters/Verus initiated coverage on shares of Seaworld Entertainment in a research note to investors on Monday. They set a “hold” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Seaworld Entertainment in a research note to investors on Tuesday, November 26th. They set a “market perform” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Seaworld Entertainment from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 12th. They now have a $40.00 price target on the stock, up previously from $30.00. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Seaworld Entertainment presently has a consensus rating of “Buy” and a consensus price target of $39.12.
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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