Barclays Has Lowered Expectations for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target lowered by analysts at Barclays from $50.00 to $49.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 3.15% from the stock's current price.

PRKS has been the topic of several other reports. JPMorgan Chase & Co. reduced their target price on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a report on Tuesday, May 27th. Stifel Nicolaus reduced their target price on United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Citigroup increased their price target on United Parks & Resorts from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday. Morgan Stanley increased their price target on United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, Truist Financial cut their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, United Parks & Resorts presently has an average rating of "Hold" and a consensus price target of $57.92.

United Parks & Resorts Trading Down 3.8%

PRKS stock traded down $1.87 during trading on Friday, hitting $47.50. The company had a trading volume of 585,194 shares, compared to its average volume of 874,138. The business has a 50-day moving average of $46.15 and a 200-day moving average of $48.45. United Parks & Resorts has a one year low of $37.68 and a one year high of $60.83. The stock has a market cap of $2.61 billion, a PE ratio of 12.67, a PEG ratio of 2.41 and a beta of 1.44.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. The company had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The business's revenue was down 3.5% on a year-over-year basis. Research analysts forecast that United Parks & Resorts will post 3.95 EPS for the current year.

Hedge Funds Weigh In On United Parks & Resorts

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in shares of United Parks & Resorts in the 1st quarter worth $375,000. Bank of America Corp DE lifted its holdings in shares of United Parks & Resorts by 40.8% in the 4th quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock worth $51,465,000 after purchasing an additional 265,322 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of United Parks & Resorts by 2,024,910.0% in the 4th quarter. National Bank of Canada FI now owns 405,002 shares of the company's stock worth $22,757,000 after purchasing an additional 404,982 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of United Parks & Resorts in the 4th quarter worth $30,292,000. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of United Parks & Resorts by 82.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 140,201 shares of the company's stock worth $7,878,000 after purchasing an additional 63,385 shares in the last quarter.

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.