United Parks & Resorts (NYSE:PRKS) Price Target Raised to $59.00 at Citigroup

United Parks & Resorts (NYSE:PRKS - Free Report) had its target price upped by Citigroup from $57.00 to $59.00 in a research note released on Thursday morning, Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of United Parks & Resorts from $57.00 to $61.00 and gave the company a neutral rating in a report on Thursday, February 29th. Guggenheim started coverage on United Parks & Resorts in a research note on Thursday, April 4th. They set a buy rating and a $73.00 target price for the company. Mizuho boosted their price target on United Parks & Resorts from $47.00 to $48.00 and gave the company an underperform rating in a research note on Thursday. Finally, Truist Financial reduced their price objective on shares of United Parks & Resorts from $64.00 to $58.00 and set a buy rating for the company in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, United Parks & Resorts currently has a consensus rating of Hold and a consensus price target of $59.80.

United Parks & Resorts Trading Up 4.0 %

Shares of NYSE PRKS traded up $2.07 during trading on Thursday, reaching $53.69. The company had a trading volume of 1,424,407 shares, compared to its average volume of 852,427. The company has a market cap of $3.39 billion, a PE ratio of 14.79 and a beta of 1.83. The company has a fifty day simple moving average of $53.04. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $61.30.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.09. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business had revenue of $297.40 million for the quarter, compared to analysts' expectations of $286.88 million. During the same period in the prior year, the business posted ($0.26) earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that United Parks & Resorts will post 4.59 EPS for the current year.

Insiders Place Their Bets

In related news, insider Byron Surrett sold 1,082 shares of United Parks & Resorts stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total value of $57,865.36. Following the completion of the sale, the insider now owns 10,586 shares of the company's stock, valued at approximately $566,139.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Byron Surrett sold 1,082 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $53.48, for a total value of $57,865.36. Following the sale, the insider now owns 10,586 shares in the company, valued at approximately $566,139.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $52.50, for a total value of $52,500.00. Following the transaction, the insider now owns 37,961 shares of the company's stock, valued at approximately $1,992,952.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,165 shares of company stock worth $420,927. Corporate insiders own 1.10% of the company's stock.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.