Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Average Target Price of $16.92

Shares of Six Flags Entertainment Corporation (NYSE:FUN) have been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.92.

FUN has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Six Flags Entertainment from $15.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, October 26th. UBS Group decreased their price objective on shares of Six Flags Entertainment from $27.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Wall Street Zen downgraded shares of Six Flags Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Mizuho set a $5.00 target price on shares of Six Flags Entertainment in a research note on Wednesday, October 21st. Finally, Stifel Nicolaus set a $23.00 target price on shares of Six Flags Entertainment in a report on Friday, August 7th.

Six Flags Entertainment Stock Up 6.0%

Shares of FUN opened at $7.90 on Friday. Six Flags Entertainment has a 12 month low of $6.60 and a 12 month high of $26.28. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 43.34. The company has a market capitalization of $808.74 million, a PE ratio of -0.46 and a beta of 0.50. The stock’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $16.79.

Six Flags Entertainment (NYSE:FUN) last announced its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.15). The company had revenue of $864.92 million during the quarter, compared to the consensus estimate of $928.36 million. Six Flags Entertainment had a negative net margin of 57.25% and a positive return on equity of 7.43%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, analysts anticipate that Six Flags Entertainment will post -0.91 EPS for the current year.

Insiders Place Their Bets

In other Six Flags Entertainment news, CEO John Reilly purchased 15,713 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $15.80 per share, for a total transaction of $248,265.40. Following the acquisition, the chief executive officer owned 297,736 shares in the company, valued at approximately $4,704,228.80. The trade was a 5.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FUN. Man Group plc bought a new position in Six Flags Entertainment during the second quarter worth $7,134,000. Legal & General Group Plc acquired a new stake in Six Flags Entertainment in the second quarter worth $4,808,000. Lee Danner & Bass Inc. acquired a new stake in Six Flags Entertainment in the first quarter worth $2,089,000. Bank of America Corp DE bought a new stake in Six Flags Entertainment in the second quarter valued at $9,066,000. Finally, BlackRock Inc. bought a new stake in Six Flags Entertainment in the 2nd quarter valued at about $339,057,000. 64.65% of the stock is owned by institutional investors and hedge funds.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a regional theme park operator headquartered in Charlotte, North Carolina. The company owns and operates amusement parks, water parks and resort properties, offering roller coasters, family rides, live entertainment, seasonal events, food and beverage, merchandise, and other guest experiences. Its portfolio includes parks operating under the Six Flags, Cedar Fair and affiliated brand names, including Six Flags Great Adventure, Cedar Point, Knott’s Berry Farm and Kings Island.

The company serves guests primarily in the United States, as well as in Canada and Mexico.