United Parks & Resorts (NYSE:PRKS) Given New $58.00 Price Target at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its target price cut by analysts at Truist Financial from $64.00 to $58.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 14.90% from the company’s current price.

A number of other research analysts have also recently weighed in on PRKS. JPMorgan Chase & Co. raised their price target on United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Mizuho assumed coverage on shares of United Parks & Resorts in a report on Tuesday, March 26th. They set an “underperform” rating and a $47.00 target price for the company. Citigroup lifted their target price on shares of United Parks & Resorts from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, Guggenheim assumed coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They issued a “buy” rating and a $73.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.20.

United Parks & Resorts Stock Up 1.3 %

Shares of PRKS opened at $50.48 on Friday. United Parks & Resorts has a twelve month low of $40.87 and a twelve month high of $61.30. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.91 and a beta of 1.83. The business’s 50-day moving average is $52.97.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The firm had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $396.45 million. During the same period last year, the firm earned $0.76 EPS. United Parks & Resorts’s revenue was down .4% compared to the same quarter last year. Sell-side analysts predict that United Parks & Resorts will post 4.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $52.50, for a total transaction of $52,500.00. Following the transaction, the insider now directly owns 37,961 shares in the company, valued at $1,992,952.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Kyle Robert Miller sold 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $52.50, for a total transaction of $52,500.00. Following the completion of the sale, the insider now directly owns 37,961 shares of the company’s stock, valued at approximately $1,992,952.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Byron Surrett sold 5,083 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the sale, the insider now directly owns 15,306 shares of the company’s stock, valued at approximately $772,953. The disclosure for this sale can be found here. Insiders have sold 8,165 shares of company stock valued at $420,927 in the last ninety days. Insiders own 1.10% of the company’s stock.

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.