Oppenheimer Issues Pessimistic Forecast for Six Flags Entertainment (NYSE:FUN) Stock Price

Key Points

• Oppenheimer cut its price target for Six Flags (FUN) from $40 to $26 while maintaining an outperform rating, implying roughly a 43.6% upside from the current price.
• Analyst sentiment is mixed: the consensus rating is Hold with a $23.85 consensus target after several downgrades and price-targets ranging about $17–$27 from firms including Jefferies, Citi, Morgan Stanley, Barclays and Truist.
• Key fundamentals show weakness—Six Flags posted an EPS miss (‑$0.91 vs. ‑$0.31 est.), a ~‑51.6% net margin, a very high debt-to-equity (~9.4), and the stock trades around $18.11, well below its one‑year high of $38.47.

Six Flags Entertainment (NYSE:FUN - Get Free Report) had its target price decreased by Oppenheimer from $40.00 to $26.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's price objective would indicate a potential upside of 43.56% from the company's current price.

FUN has been the subject of a number of other research reports. Jefferies Financial Group lowered their price objective on shares of Six Flags Entertainment from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Tuesday, January 13th. Citigroup lowered Six Flags Entertainment from a "buy" rating to a "neutral" rating and cut their target price for the company from $25.00 to $20.00 in a research report on Thursday, February 5th. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a research report on Friday, February 20th. Barclays reaffirmed an "overweight" rating and issued a $22.00 price objective on shares of Six Flags Entertainment in a research note on Monday, February 23rd. Finally, Truist Financial boosted their price objective on Six Flags Entertainment from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 26th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $23.85.

Six Flags Entertainment Trading Up 2.0%

FUN traded up $0.36 on Wednesday, hitting $18.11. The company had a trading volume of 1,382,483 shares, compared to its average volume of 2,218,382. The company's fifty day moving average price is $17.14 and its 200 day moving average price is $17.85. Six Flags Entertainment has a 1 year low of $12.51 and a 1 year high of $38.47. The company has a current ratio of 0.69, a quick ratio of 0.59 and a debt-to-equity ratio of 9.40. The firm has a market cap of $1.84 billion, a P/E ratio of -1.14 and a beta of 0.36.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.60). The company had revenue of $650.09 million for the quarter, compared to analysts' expectations of $602.68 million. Six Flags Entertainment had a positive return on equity of 3.77% and a negative net margin of 51.58%.The firm's revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Six Flags Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new position in shares of Six Flags Entertainment in the fourth quarter worth $894,000. Alpine Global Management LLC acquired a new stake in shares of Six Flags Entertainment in the fourth quarter valued at $185,000. Aristides Capital LLC purchased a new position in Six Flags Entertainment in the fourth quarter valued at $207,000. Invesco Ltd. boosted its holdings in Six Flags Entertainment by 32.0% in the fourth quarter. Invesco Ltd. now owns 461,411 shares of the company's stock valued at $7,078,000 after purchasing an additional 111,931 shares during the period. Finally, Creek Drive Management Group LLC acquired a new position in Six Flags Entertainment during the 4th quarter worth $5,185,000. Hedge funds and other institutional investors own 64.65% of the company's stock.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.

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