Six Flags Entertainment Corporation (NYSE:FUN) Given Consensus Rating of “Moderate Buy” by Brokerages

Six Flags Entertainment Corporation (NYSE:FUNGet Free Report) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $49.20.

Several brokerages recently weighed in on FUN. Macquarie reaffirmed an “outperform” rating and set a $55.00 price target on shares of Six Flags Entertainment in a report on Friday, March 7th. Stifel Nicolaus lifted their target price on shares of Six Flags Entertainment from $48.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Morgan Stanley cut their price target on shares of Six Flags Entertainment from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. UBS Group began coverage on Six Flags Entertainment in a report on Wednesday, April 9th. They issued a “buy” rating and a $49.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Six Flags Entertainment from $46.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, April 17th.

View Our Latest Stock Analysis on FUN

Insider Activity at Six Flags Entertainment

In other Six Flags Entertainment news, Director Michelle M. Frymire sold 5,929 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $37.89, for a total value of $224,649.81. Following the completion of the sale, the director now owns 7,162 shares in the company, valued at $271,368.18. This represents a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Institutional Trading of Six Flags Entertainment

A hedge fund recently raised its stake in Six Flags Entertainment stock. Peregrine Capital Management LLC boosted its position in shares of Six Flags Entertainment Corporation (NYSE:FUNFree Report) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,499 shares of the company’s stock after acquiring an additional 9,231 shares during the period. Peregrine Capital Management LLC owned 0.13% of Six Flags Entertainment worth $4,691,000 at the end of the most recent quarter. 64.65% of the stock is owned by institutional investors.

Six Flags Entertainment Price Performance

Shares of NYSE:FUN opened at $29.27 on Wednesday. Six Flags Entertainment has a 12 month low of $28.02 and a 12 month high of $58.70. The firm has a market capitalization of $2.96 billion, a P/E ratio of -10.53 and a beta of 0.79. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.37 and a quick ratio of 0.28. The company’s fifty day moving average price is $34.12 and its 200 day moving average price is $39.92.

Six Flags Entertainment (NYSE:FUNGet Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($2.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.29) by $0.09. The company had revenue of $202.06 million during the quarter, compared to analysts’ expectations of $235.51 million. Six Flags Entertainment had a positive return on equity of 0.66% and a negative net margin of 11.30%. The company’s quarterly revenue was up 98.9% on a year-over-year basis. As a group, sell-side analysts predict that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

About Six Flags Entertainment

(Get Free Report

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.

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Analyst Recommendations for Six Flags Entertainment (NYSE:FUN)

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