JPMorgan Chase & Co. Cuts Six Flags Entertainment (NYSE:FUN) Price Target to $20.00

Six Flags Entertainment (NYSE:FUN) had its target price lowered by JPMorgan Chase & Co. from $24.00 to $20.00 in a research report report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other equities analysts have also commented on the stock. Guggenheim decreased their price target on shares of Six Flags Entertainment from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Six Flags Entertainment in a report on Wednesday, October 8th. Stifel Nicolaus reduced their price target on Six Flags Entertainment from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. UBS Group decreased their price target on Six Flags Entertainment from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Finally, Barclays dropped their price target on shares of Six Flags Entertainment from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment has an average rating of “Hold” and a consensus price target of $29.07.

Six Flags Entertainment Stock Performance

NYSE:FUN opened at $14.60 on Wednesday. Six Flags Entertainment has a 52-week low of $14.13 and a 52-week high of $49.77. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -3.01 and a beta of 0.69. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.42 and a current ratio of 0.52. The business’s fifty day moving average is $21.77 and its 200 day moving average is $27.56.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings data on Friday, November 7th. The company reported ($11.77) EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($14.01). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business posted $4.21 earnings per share. Six Flags Entertainment’s revenue was down 2.3% compared to the same quarter last year. Research analysts predict that Six Flags Entertainment will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its stake in shares of Six Flags Entertainment by 0.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 39,370 shares of the company’s stock valued at $1,198,000 after purchasing an additional 335 shares during the period. Maryland State Retirement & Pension System increased its stake in shares of Six Flags Entertainment by 1.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 27,632 shares of the company’s stock worth $841,000 after acquiring an additional 399 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Six Flags Entertainment by 4.4% during the second quarter. Ameritas Investment Partners Inc. now owns 9,801 shares of the company’s stock valued at $298,000 after purchasing an additional 413 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Six Flags Entertainment by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 35,141 shares of the company’s stock worth $1,069,000 after purchasing an additional 433 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Six Flags Entertainment by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,527 shares of the company’s stock worth $103,000 after buying an additional 442 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

About Six Flags Entertainment

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.