United Parks & Resorts (NYSE:PRKS) Given New $75.00 Price Target at Macquarie

United Parks & Resorts (NYSE:PRKS) had its target price trimmed by Macquarie from $80.00 to $75.00 in a research report released on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on PRKS. Citigroup upped their price objective on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Mizuho upped their price objective on shares of United Parks & Resorts from $47.00 to $48.00 and gave the stock an underperform rating in a report on Thursday, May 9th. B. Riley upped their price objective on shares of United Parks & Resorts from $75.00 to $84.00 and gave the stock a buy rating in a report on Monday, July 1st. The Goldman Sachs Group cut shares of United Parks & Resorts from a buy rating to a neutral rating and decreased their price target for the company from $63.00 to $53.00 in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a buy rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, United Parks & Resorts currently has a consensus rating of Moderate Buy and a consensus price target of $65.90.

United Parks & Resorts Trading Up 0.7 %

NYSE:PRKS traded up $0.33 during trading hours on Thursday, reaching $47.34. The company’s stock had a trading volume of 979,294 shares, compared to its average volume of 1,199,505. The company has a market cap of $2.96 billion, a P/E ratio of 12.73 and a beta of 2.02. United Parks & Resorts has a one year low of $40.87 and a one year high of $60.36. The business has a 50-day moving average of $52.90.

United Parks & Resorts (NYSE:PRKS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.09. The firm had revenue of $297.40 million during the quarter, compared to analysts’ expectations of $286.88 million. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. United Parks & Resorts’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.26) earnings per share. Sell-side analysts forecast that United Parks & Resorts will post 4.36 EPS for the current fiscal year.

Insider Activity at United Parks & Resorts

In related news, insider Christopher Dold sold 32,518 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares in the company, valued at $1,713,292.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.