Shares of United Parks & Resorts Inc. (NYSE:PRKS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $63.70.
Several research firms recently commented on PRKS. Truist Financial decreased their price target on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group downgraded shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. Macquarie lowered their price target on United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. B. Riley reissued a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research note on Monday, October 7th. Finally, Citigroup increased their price objective on United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th.
Read Our Latest Stock Analysis on PRKS
Insider Buying and Selling
Institutional Investors Weigh In On United Parks & Resorts
A number of large investors have recently made changes to their positions in PRKS. SG Americas Securities LLC bought a new stake in shares of United Parks & Resorts in the 3rd quarter worth approximately $739,000. Handelsbanken Fonder AB purchased a new position in United Parks & Resorts during the third quarter valued at $390,000. Hexagon Capital Partners LLC purchased a new position in shares of United Parks & Resorts in the third quarter worth $25,000. Perpetual Ltd purchased a new stake in United Parks & Resorts during the third quarter valued at $16,862,000. Finally, Inspire Investing LLC bought a new position in shares of United Parks & Resorts in the third quarter worth about $411,000.
United Parks & Resorts Trading Up 2.1 %
United Parks & Resorts stock opened at $51.02 on Wednesday. The company’s 50-day moving average price is $49.72 and its two-hundred day moving average price is $51.90. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 13.32 and a beta of 2.01. United Parks & Resorts has a 52 week low of $40.87 and a 52 week high of $60.36.
United Parks & Resorts (NYSE:PRKS – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.08). The firm had revenue of $497.60 million during the quarter, compared to analysts’ expectations of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $1.35 earnings per share. Research analysts expect that United Parks & Resorts will post 4.35 earnings per share for the current fiscal year.
United Parks & Resorts Company Profile
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.
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