Six Flags Entertainment (NYSE:FUN) Price Target Lowered to $34.00 at UBS Group

Key Points

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Six Flags Entertainment (NYSE:FUN - Get Free Report) had its price objective cut by research analysts at UBS Group from $40.00 to $34.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 30.34% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Six Flags Entertainment from $30.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Citigroup reduced their price target on Six Flags Entertainment from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Mizuho reduced their price target on Six Flags Entertainment from $36.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Morgan Stanley lowered their price target on shares of Six Flags Entertainment from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Finally, Guggenheim set a $43.00 price target on shares of Six Flags Entertainment and gave the stock a "buy" rating in a report on Thursday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.07.

Six Flags Entertainment Stock Performance

Shares of NYSE:FUN traded up $0.4950 during midday trading on Tuesday, reaching $26.0850. The company had a trading volume of 4,156,735 shares, compared to its average volume of 5,109,428. The stock has a market cap of $2.64 billion, a P/E ratio of -5.38 and a beta of 0.82. Six Flags Entertainment has a 52-week low of $21.44 and a 52-week high of $49.77. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 2.97. The company's 50 day moving average price is $29.29 and its 200 day moving average price is $34.15.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 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 analysts' expectations of $999.82 million. Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The firm's revenue was up 62.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 722 shares in the last quarter. Allworth Financial LP raised its stake 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 purchasing an additional 1,403 shares in the last quarter. GAMMA Investing LLC raised its stake 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 purchasing an additional 884 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Six Flags Entertainment by 26.1% in the second quarter. Russell Investments Group Ltd. now owns 2,830 shares of the company's stock valued at $86,000 after purchasing an additional 586 shares in the last quarter. Finally, ORG Wealth Partners LLC raised its stake in Six Flags Entertainment by 45.8% in the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company's stock valued at $102,000 after purchasing an additional 1,002 shares in the last quarter. 64.65% of the stock is owned by hedge funds and other 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.