Six Flags Entertainment (NYSE:FUN) Given a $43.00 Price Target by Guggenheim Analysts

Key Points

• Analyst Price Target Cuts: Guggenheim has reduced its price target for Six Flags Entertainment from $48.00 to $43.00, indicating a potential upside of 77.68% from the stock's recent close.
• Mixed Ratings from Analysts: Recent reports show a variably cautious outlook with several analysts lowering their targets, while the overall consensus remains a "Moderate Buy" with a target price of $42.53.
• Q2 Earnings Miss: Six Flags reported a revenue of $930.39 million for Q2, falling short of estimates, and posted a significant earnings per share miss of $0.26 compared to the expected $0.79.

Six Flags Entertainment (NYSE:FUN - Get Free Report) received a $43.00 target price from equities researchers at Guggenheim in a report issued on Thursday, August 7th, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. Guggenheim's target price indicates a potential upside of 72.66% from the company's current price.

Several other equities analysts also recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Six Flags Entertainment from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group downgraded shares of Six Flags Entertainment from a "buy" rating to a "hold" rating and dropped their target price for the stock from $41.00 to $25.00 in a report on Thursday, August 7th. Mizuho decreased their price target 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. Wall Street Zen downgraded Six Flags Entertainment from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Finally, JPMorgan Chase & Co. cut their target price on Six Flags Entertainment from $46.00 to $28.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Six Flags Entertainment has an average rating of "Moderate Buy" and a consensus target price of $39.50.

Six Flags Entertainment Trading Down 2.5%

Shares of Six Flags Entertainment stock opened at $24.91 on Thursday. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $2.52 billion, a PE ratio of -5.14 and a beta of 0.82. Six Flags Entertainment has a 1-year low of $21.44 and a 1-year high of $49.77. The company's fifty day simple moving average is $29.87 and its 200-day simple moving average is $34.72.

Six Flags Entertainment (NYSE:FUN - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.53). Six Flags Entertainment had a negative net margin of 14.92% and a negative return on equity of 1.00%. The company had revenue of $930.39 million for the quarter, compared to analysts' expectations of $999.82 million. The company's revenue was up 62.8% compared to the same quarter last year. As a group, equities analysts anticipate that Six Flags Entertainment will post 0.83 earnings per share for the current year.

Institutional Trading of Six Flags Entertainment

Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased 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 worth $30,000 after purchasing an additional 722 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Six Flags Entertainment by 1,179.0% in the 2nd quarter. Allworth Financial LP now owns 1,522 shares of the company's stock worth $46,000 after buying an additional 1,403 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Six Flags Entertainment by 96.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,800 shares of the company's stock valued at $55,000 after buying an additional 884 shares in the last quarter. Russell Investments Group Ltd. grew its position 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 worth $86,000 after acquiring an additional 586 shares in the last quarter. Finally, ORG Wealth Partners LLC increased its stake in Six Flags Entertainment by 45.8% during the second quarter. ORG Wealth Partners LLC now owns 3,188 shares of the company's stock worth $102,000 after acquiring an additional 1,002 shares during 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.