Truist Financial Cuts United Parks & Resorts (NYSE:PRKS) Price Target to $58.00

United Parks & Resorts (NYSE:PRKS - Free Report) had its price target decreased by Truist Financial from $64.00 to $58.00 in a research note released on Friday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Mizuho initiated coverage on shares of United Parks & Resorts in a research note on Tuesday, March 26th. They issued an underperform rating and a $47.00 price target on the stock. Citigroup raised their target price on United Parks & Resorts from $54.00 to $57.00 and gave the company a neutral rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their price target on United Parks & Resorts from $57.00 to $61.00 and gave the stock a neutral rating in a research report on Thursday, February 29th. Finally, Guggenheim assumed coverage on shares of United Parks & Resorts in a research note on Thursday, April 4th. They set a buy rating and a $73.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, United Parks & Resorts currently has an average rating of Hold and an average price target of $59.20.

United Parks & Resorts Stock Up 1.3 %

Shares of United Parks & Resorts stock traded up $0.63 on Friday, hitting $50.47. The company's stock had a trading volume of 866,749 shares, compared to its average volume of 818,609. The firm has a market cap of $3.19 billion, a P/E ratio of 13.90 and a beta of 1.83. The firm's fifty day moving average is $52.97. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $61.30.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business had revenue of $389.00 million for the quarter, compared to analyst estimates of $396.45 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that United Parks & Resorts will post 4.59 earnings per share for the current fiscal year.

Insider Activity at United Parks & Resorts

In other news, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction on Monday, March 18th. The stock was sold at an average price of $52.50, for a total transaction of $52,500.00. Following the transaction, the insider now owns 37,961 shares in the company, valued at approximately $1,992,952.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Byron Surrett sold 1,082 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $53.48, for a total value of $57,865.36. Following the transaction, the insider now directly owns 10,586 shares in the company, valued at $566,139.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $52.50, for a total value of $52,500.00. Following the completion of the transaction, the insider now owns 37,961 shares of the company's stock, valued at $1,992,952.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,165 shares of company stock valued at $420,927. 1.10% of the stock is currently owned by insiders.

About United Parks & Resorts

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.