Six Flags Entertainment Co. (NYSE:SIX) Receives $28.31 Average Price Target from Analysts

Shares of Six Flags Entertainment Co. (NYSE:SIX) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $28.31.

Several equities research analysts have recently weighed in on SIX shares. Truist Financial boosted their target price on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Citigroup boosted their target price on shares of Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. B. Riley raised shares of Six Flags Entertainment from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Finally, StockNews.com began coverage on shares of Six Flags Entertainment in a report on Sunday. They issued a “hold” rating for the company.

Institutional Trading of Six Flags Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI raised its position in shares of Six Flags Entertainment by 527.2% during the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after buying an additional 949 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Six Flags Entertainment during the 3rd quarter worth about $27,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Six Flags Entertainment during the 3rd quarter worth about $48,000. Neo Ivy Capital Management bought a new stake in shares of Six Flags Entertainment in the 4th quarter worth approximately $98,000. Finally, Quest Partners LLC bought a new stake in shares of Six Flags Entertainment in the 4th quarter worth approximately $135,000. 98.04% of the stock is currently owned by institutional investors.

Six Flags Entertainment Price Performance

Six Flags Entertainment stock opened at $23.96 on Friday. Six Flags Entertainment has a 12-month low of $18.29 and a 12-month high of $28.99. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 52.22 and a beta of 2.20. The firm’s fifty day moving average price is $25.19 and its 200 day moving average price is $24.22.

Six Flags Entertainment (NYSE:SIX) last released its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). The company had revenue of $292.55 million during the quarter, compared to the consensus estimate of $298.42 million. Six Flags Entertainment had a negative return on equity of 7.31% and a net margin of 2.73%. Analysts forecast that Six Flags Entertainment will post 1.79 earnings per share for the current fiscal year.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.