Guggenheim Issues Pessimistic Forecast for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target decreased by equities researchers at Guggenheim from $74.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Guggenheim's price objective suggests a potential upside of 39.64% from the stock's previous close.

A number of other research analysts also recently weighed in on PRKS. Barclays decreased their price objective on shares of United Parks & Resorts from $50.00 to $49.00 and set an "equal weight" rating for the company in a research report on Friday, July 11th. Citigroup upped their price target on shares of United Parks & Resorts from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Morgan Stanley upped their price target on shares of 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. dropped their price objective on shares of United Parks & Resorts from $63.00 to $59.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. Finally, Stifel Nicolaus dropped their price objective on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $57.38.

United Parks & Resorts Price Performance

NYSE PRKS traded up $0.74 on Thursday, hitting $47.98. The stock had a trading volume of 840,159 shares, compared to its average volume of 866,249. The business's fifty day moving average price is $46.29 and its 200 day moving average price is $48.08. United Parks & Resorts has a 52-week low of $37.68 and a 52-week high of $60.83. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44.

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

Institutional Investors Weigh In On United Parks & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in United Parks & Resorts by 0.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 52,963 shares of the company's stock worth $2,976,000 after purchasing an additional 258 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of United Parks & Resorts by 7.4% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock valued at $205,000 after acquiring an additional 310 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of United Parks & Resorts by 7.0% in the fourth quarter. LPL Financial LLC now owns 5,316 shares of the company's stock valued at $299,000 after acquiring an additional 350 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of United Parks & Resorts by 6.1% in the first quarter. Inspire Investing LLC now owns 7,540 shares of the company's stock valued at $343,000 after acquiring an additional 434 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of United Parks & Resorts by 11.3% in the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock valued at $204,000 after acquiring an additional 456 shares in the last quarter.

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.