Barclays Issues Pessimistic Forecast for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price objective dropped by investment analysts at Barclays from $50.00 to $49.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential upside of 3.52% from the stock's current price.

PRKS has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of 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 shares of United Parks & Resorts from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday. UBS Group assumed coverage on shares of United Parks & Resorts in a research report on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective for the company. Morgan Stanley increased their target price on shares of 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, JPMorgan Chase & Co. decreased their target price on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $57.92.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded down $0.13 during trading on Friday, hitting $47.33. The company had a trading volume of 804,606 shares, compared to its average volume of 873,859. The firm has a market capitalization of $2.60 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 2.41 and a beta of 1.44. United Parks & Resorts has a one year low of $37.68 and a one year high of $60.83. The stock's 50-day moving average price is $46.15 and its 200 day moving average price is $48.40.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $294.28 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The business's revenue was down 3.5% compared to the same quarter last year. On average, research analysts anticipate that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

Institutional Trading of United Parks & Resorts

Several institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its stake in United Parks & Resorts by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after buying an additional 258 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in United Parks & Resorts by 7.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after acquiring an additional 310 shares during the period. LPL Financial LLC raised its position in shares of United Parks & Resorts by 7.0% in the 4th quarter. LPL Financial LLC now owns 5,316 shares of the company's stock worth $299,000 after acquiring an additional 350 shares in the last quarter. Inspire Investing LLC raised its position in shares of United Parks & Resorts by 6.1% in the 1st quarter. Inspire Investing LLC now owns 7,540 shares of the company's stock worth $343,000 after acquiring an additional 434 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of United Parks & Resorts by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock valued at $204,000 after purchasing an additional 456 shares during the period.

About United Parks & Resorts

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.