Citigroup Has Lowered Expectations for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target dropped by analysts at Citigroup from $49.00 to $48.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective would indicate a potential upside of 12.59% from the company's current price.

Several other analysts have also issued reports on PRKS. Guggenheim raised their price target on shares of United Parks & Resorts from $72.00 to $74.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their target price on United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Truist Financial cut their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, UBS Group initiated coverage on United Parks & Resorts in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $57.85.

United Parks & Resorts Trading Up 1.8%

NYSE:PRKS traded up $0.75 during mid-day trading on Monday, hitting $42.63. 386,818 shares of the company's stock traded hands, compared to its average volume of 879,906. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.13 and a beta of 1.44. The firm has a 50 day moving average of $44.73 and a two-hundred day moving average of $49.55. United Parks & Resorts has a 12 month low of $37.68 and a 12 month high of $60.83.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its quarterly 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). The business had revenue of $286.95 million for the quarter, compared to analyst estimates of $294.28 million. United Parks & Resorts had a negative return on equity of 51.46% and a net margin of 12.98%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) earnings per share. As a group, equities research analysts expect that United Parks & Resorts will post 3.95 earnings per share for the current year.

Institutional Trading of United Parks & Resorts

Institutional investors have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in United Parks & Resorts during the fourth quarter worth $321,000. Bank of New York Mellon Corp grew its holdings in shares of United Parks & Resorts by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 139,536 shares of the company's stock worth $7,841,000 after purchasing an additional 4,945 shares during the last quarter. K.J. Harrison & Partners Inc increased its position in shares of United Parks & Resorts by 33.3% during the 4th quarter. K.J. Harrison & Partners Inc now owns 40,000 shares of the company's stock worth $2,302,000 after purchasing an additional 10,000 shares in the last quarter. Schechter Investment Advisors LLC bought a new position in United Parks & Resorts during the 4th quarter valued at about $209,000. Finally, Steward Partners Investment Advisory LLC boosted its position in United Parks & Resorts by 267.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock valued at $103,000 after buying an additional 1,339 shares in the last quarter.

About United Parks & Resorts

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.