United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• United Parks & Resorts Inc. has been given a consensus recommendation of "Hold" by thirteen analysts, with one sell rating, six hold ratings, and six buy ratings.
• The company's average 12-month target price among brokers is $57.15, while recent research reports show target prices ranging from $44.00 to $63.00.
• United Parks & Resorts reported a net loss of ($0.29) per share for the last quarter, missing analysts' expectations, and its revenue decreased by 3.5% year-over-year.

United Parks & Resorts Inc. (NYSE:PRKS - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $57.1538.

A number of research firms have weighed in on PRKS. Mizuho decreased their price objective on shares of United Parks & Resorts from $45.00 to $44.00 and set an "underperform" rating for the company in a research report on Monday. UBS Group started coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They set a "neutral" rating and a $49.00 price objective on the stock. Morgan Stanley dropped their target price on shares of United Parks & Resorts from $52.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a report on Tuesday, May 27th. Finally, Citigroup lifted their target price on United Parks & Resorts from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in United Parks & Resorts during the 1st quarter worth about $375,000. Bank of America Corp DE raised its position in shares of United Parks & Resorts by 40.8% in the fourth quarter. Bank of America Corp DE now owns 915,918 shares of the company's stock valued at $51,465,000 after purchasing an additional 265,322 shares during the period. Squarepoint Ops LLC acquired a new position in shares of United Parks & Resorts during the 4th quarter worth about $571,000. Northern Trust Corp lifted its holdings in shares of United Parks & Resorts by 3.2% during the fourth quarter. Northern Trust Corp now owns 334,839 shares of the company's stock worth $18,815,000 after buying an additional 10,484 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of United Parks & Resorts by 15.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,548,403 shares of the company's stock worth $255,575,000 after buying an additional 599,043 shares during the last quarter.

United Parks & Resorts Stock Performance

PRKS opened at $47.34 on Tuesday. The company's 50 day simple moving average is $46.69 and its 200 day simple moving average is $47.62. United Parks & Resorts has a 1 year low of $37.68 and a 1 year high of $60.83. The stock has a market capitalization of $2.60 billion, a PE ratio of 12.62 and a beta of 1.48.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. The business had revenue of $286.95 million during the quarter, compared to analysts' expectations of $294.28 million. During the same period in the prior year, the business posted ($0.17) EPS. The business's revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts expect that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.