Analysts Set Six Flags Entertainment Corporation (NYSE:FUN) PT at $39.07

Key Points

• Six Flags Entertainment Corporation has received a consensus rating of "Moderate Buy" from analysts, with one sell rating, two hold ratings, and eleven buy ratings.
• Recent price target adjustments include cuts from firms such as Stifel Nicolaus, Citigroup, and JPMorgan Chase, reflecting analysts' updated outlooks on the stock.
• In its latest earnings report, Six Flags missed analysts' estimates, reporting an EPS of $0.26 against a forecast of $0.79, despite a year-over-year revenue increase of 62.8%.

Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.3571.

Several brokerages have commented on FUN. Barclays cut their target price on Six Flags Entertainment from $40.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. UBS Group lowered their price target on Six Flags Entertainment from $40.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Mizuho decreased their target price on Six Flags Entertainment from $36.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Stifel Nicolaus decreased their target price on Six Flags Entertainment from $50.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Finally, Oppenheimer decreased their price target on Six Flags Entertainment from $60.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday.

Six Flags Entertainment Trading Up 7.6%

Shares of NYSE FUN traded up $1.80 during midday trading on Monday, reaching $25.46. The company had a trading volume of 2,059,012 shares, compared to its average volume of 2,357,969. The firm's fifty day moving average price is $28.24 and its 200-day moving average price is $33.11. The stock has a market cap of $2.58 billion, a PE ratio of -5.24 and a beta of 0.72. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. Six Flags Entertainment has a one year low of $21.44 and a one year high of $49.77.

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). Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The firm had revenue of $930.39 million during the quarter, compared to the consensus estimate of $999.82 million. Six Flags Entertainment's quarterly revenue was up 62.8% on a year-over-year basis. On average, equities research analysts anticipate that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

Institutional investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC increased its stake in Six Flags Entertainment by 7.5% in the first quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company's stock worth $4,691,000 after purchasing an additional 9,231 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Six Flags Entertainment by 5.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,923 shares of the company's stock valued at $287,000 after acquiring an additional 484 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Six Flags Entertainment by 14.0% during the second quarter. DAVENPORT & Co LLC now owns 664,853 shares of the company's stock valued at $20,231,000 after acquiring an additional 81,418 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in Six Flags Entertainment by 16.1% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 60,769 shares of the company's stock valued at $1,849,000 after buying an additional 8,443 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Six Flags Entertainment by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 55,925 shares of the company's stock valued at $1,701,000 after buying an additional 4,251 shares during the last quarter. 64.65% of the stock is currently owned by institutional investors.

About Six Flags Entertainment

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.