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

United Parks & Resorts (NYSE:PRKS) had its target price upped by stock analysts at Truist Financial from $47.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 66.77% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Zacks Research raised shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup reduced their price target on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Mizuho decreased their price target on United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating for the company in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Finally, Guggenheim cut their price objective on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.00.

United Parks & Resorts Trading Up 1.8%

NYSE PRKS traded up $0.56 during trading on Thursday, reaching $31.78. The company’s stock had a trading volume of 229,909 shares, compared to its average volume of 1,146,396. The stock has a market capitalization of $1.55 billion, a PE ratio of 10.42, a PEG ratio of 2.14 and a beta of 1.18. United Parks & Resorts has a 1-year low of $29.62 and a 1-year high of $56.95. The business has a 50-day moving average price of $35.01 and a 200-day moving average price of $40.01.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.18). United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.The business had revenue of $373.55 million for the quarter, compared to analyst estimates of $375.87 million. During the same quarter last year, the company earned $0.50 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts expect that United Parks & Resorts will post 3.95 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC boosted its stake in United Parks & Resorts by 74.3% during the 3rd quarter. CWM LLC now owns 495 shares of the company’s stock valued at $26,000 after purchasing an additional 211 shares during the period. Federated Hermes Inc. boosted its position in shares of United Parks & Resorts by 114.0% in the third quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 293 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of United Parks & Resorts by 1.7% in the fourth quarter. SkyView Investment Advisors LLC now owns 21,685 shares of the company’s stock worth $787,000 after acquiring an additional 358 shares during the last quarter. Inspire Investing LLC grew its stake in shares of United Parks & Resorts by 4.7% in the third quarter. Inspire Investing LLC now owns 8,738 shares of the company’s stock worth $452,000 after acquiring an additional 392 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in United Parks & Resorts by 4.9% during the second quarter. Captrust Financial Advisors now owns 8,999 shares of the company’s stock worth $424,000 after acquiring an additional 420 shares during the period.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.