United Parks & Resorts (NYSE:PRKS) Stock Price Expected to Rise, Citigroup Analyst Says

United Parks & Resorts (NYSE:PRKS – Get Free Report) had its target price hoisted by analysts at Citigroup from $34.00 to $39.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup‘s price target points to a potential downside of 2.03% from the stock’s current price.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on United Parks & Resorts from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $39.00 price target on shares of United Parks & Resorts in a research note on Friday. Guggenheim upped their price objective on shares of United Parks & Resorts from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of United Parks & Resorts in a research note on Thursday, August 6th. Finally, Barclays raised their target price on shares of United Parks & Resorts from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.70.

Get Our Latest Stock Report on United Parks & Resorts

United Parks & Resorts Stock Performance

Shares of PRKS stock traded up $1.95 during trading on Friday, hitting $39.81. The company had a trading volume of 1,068,820 shares, compared to its average volume of 922,940. The firm has a market capitalization of $1.80 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 3.21 and a beta of 1.22. The stock’s 50-day moving average price is $34.52 and its 200 day moving average price is $38.05. United Parks & Resorts has a one year low of $28.77 and a one year high of $50.00.

United Parks & Resorts (NYSE:PRKS – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.14). The company had revenue of $506.45 million for the quarter, compared to the consensus estimate of $511.03 million. United Parks & Resorts had a negative return on equity of 27.85% and a net margin of 8.11%. United Parks & Resorts’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. On average, research analysts anticipate that United Parks & Resorts will post 2.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider James Forrester, Jr. sold 1,150 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total transaction of $41,066.50. Following the completion of the sale, the insider directly owned 26,733 shares in the company, valued at $954,635.43. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On United Parks & Resorts

A number of institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its holdings in shares of United Parks & Resorts by 183.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock valued at $31,000 after acquiring an additional 551 shares in the last quarter. Global Retirement Partners LLC bought a new stake in United Parks & Resorts during the 2nd quarter worth $31,000. Group One Trading LLC acquired a new position in United Parks & Resorts in the 2nd quarter worth about $31,000. Fortitude Family Office LLC increased its holdings in United Parks & Resorts by 30,580.0% in the 3rd quarter. Fortitude Family Office LLC now owns 1,534 shares of the company’s stock worth $50,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in United Parks & Resorts in the 2nd quarter worth about $53,000.

More United Parks & Resorts News

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About United Parks & Resorts

(Get Free Report)

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of destination amusement and water parks in the United States. Its properties combine rides, live entertainment, animal exhibits, educational experiences, seasonal events and hospitality-related offerings.

The company’s portfolio includes SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Sesame Place parks in Pennsylvania and California; and water parks and attractions such as Aquatica, Adventure Island, Water Country USA and Discovery Cove.

Further Reading

Analyst Recommendations for United Parks & Resorts (NYSE:PRKS)

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