Six Flags Entertainment Corporation New (NYSE:SIX)‘s stock had its “buy” rating reaffirmed by investment analysts at Janney Montgomery Scott in a report released on Tuesday. They currently have a $70.00 price target on the stock. Janney Montgomery Scott’s target price suggests a potential upside of 30.11% from the company’s previous close.

Several other analysts also recently weighed in on the company. Hilliard Lyons downgraded Six Flags Entertainment Corporation New from a “buy” rating to a “neutral” rating in a report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $69.00 price objective on shares of Six Flags Entertainment Corporation New in a report on Monday, May 1st. ValuEngine upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Wedbush decreased their price objective on Six Flags Entertainment Corporation New from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, June 8th. Finally, Stifel Nicolaus initiated coverage on Six Flags Entertainment Corporation New in a report on Thursday, April 20th. They issued a “buy” rating and a $70.00 price objective for the company. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $66.82.

Shares of Six Flags Entertainment Corporation New (SIX) traded down 0.02% on Tuesday, hitting $53.80. 1,381,261 shares of the company traded hands. Six Flags Entertainment Corporation New has a 1-year low of $47.61 and a 1-year high of $65.19. The firm’s 50-day moving average is $57.21 and its 200 day moving average is $59.40. The firm has a market capitalization of $4.60 billion, a P/E ratio of 50.00 and a beta of 1.13.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by $0.11. The firm had revenue of $422.37 million during the quarter, compared to the consensus estimate of $438.04 million. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, analysts anticipate that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current fiscal year.

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In related news, VP Lance C. Balk sold 48,998 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $57.10, for a total value of $2,797,785.80. The sale was disclosed in a document filed with the SEC, which is available at this link. 6.90% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Six Flags Entertainment Corporation New by 2,062.3% in the first quarter. JPMorgan Chase & Co. now owns 249,681 shares of the company’s stock worth $14,855,000 after buying an additional 238,134 shares in the last quarter. ING Groep purchased a new stake in shares of Six Flags Entertainment Corporation New during the third quarter worth approximately $4,752,000. Capital Fund Management S.A. raised its stake in shares of Six Flags Entertainment Corporation New by 58.0% in the third quarter. Capital Fund Management S.A. now owns 468,562 shares of the company’s stock worth $25,120,000 after buying an additional 171,922 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Six Flags Entertainment Corporation New by 10.2% in the third quarter. Global X Management Co. LLC now owns 123,827 shares of the company’s stock worth $6,638,000 after buying an additional 11,464 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Six Flags Entertainment Corporation New by 13.2% in the second quarter. Wedge Capital Management L L P NC now owns 16,100 shares of the company’s stock worth $269,000 after buying an additional 1,883 shares in the last quarter. Hedge funds and other institutional investors own 94.54% of the company’s stock.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

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