Six Flags Entertainment Corporation (NYSE:FUN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Six Flags Entertainment has received a consensus rating of "Moderate Buy" from 14 research firms, with 10 analysts recommending a buy, 3 a hold, and 1 a sell.
• The company's shares opened at $21.09 and have a 52-week range between $20.79 and $49.77, indicating significant price fluctuations.
• Six Flags reported $0.26 earnings per share for the last quarter, falling short of the consensus estimate of $0.79, while its revenue grew 62.8% year-over-year.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.3571.

FUN has been the topic of several recent research reports. Barclays lowered their price target on shares of Six Flags Entertainment from $40.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Stifel Nicolaus lowered their price target on shares of Six Flags Entertainment from $50.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on shares of Six Flags Entertainment from $33.00 to $24.00 and set an "underweight" rating on the stock in a research report on Thursday, August 14th. Oppenheimer lowered their price target on shares of Six Flags Entertainment from $60.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group decreased their target price on shares of Six Flags Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th.

Six Flags Entertainment Trading Down 4.6%

Shares of FUN opened at $21.09 on Friday. Six Flags Entertainment has a 52-week low of $20.79 and a 52-week high of $49.77. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The firm's fifty day moving average is $25.82 and its two-hundred day moving average is $30.87. The stock has a market cap of $2.14 billion, a PE ratio of -4.35 and a beta of 0.72.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.53). The business had revenue of $930.39 million for the quarter, compared to analyst estimates of $999.82 million. Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The firm's revenue was up 62.8% on a year-over-year basis. Research analysts forecast that Six Flags Entertainment will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FUN. Northwestern Mutual Wealth Management Co. lifted its position in Six Flags Entertainment by 259.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company's stock valued at $30,000 after buying an additional 722 shares during the last quarter. Allworth Financial LP lifted its position in Six Flags Entertainment by 1,179.0% in the second quarter. Allworth Financial LP now owns 1,522 shares of the company's stock valued at $46,000 after buying an additional 1,403 shares during the last quarter. GAMMA Investing LLC lifted its position in Six Flags Entertainment by 96.5% in the second quarter. GAMMA Investing LLC now owns 1,800 shares of the company's stock valued at $55,000 after buying an additional 884 shares during the last quarter. Caldwell Trust Co acquired a new position in Six Flags Entertainment in the second quarter valued at about $56,000. Finally, Russell Investments Group Ltd. increased its stake in Six Flags Entertainment by 26.1% during the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company's stock worth $86,000 after purchasing an additional 586 shares during the period. Institutional investors and hedge funds own 64.65% of the company's stock.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.

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