United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $67.00 at Guggenheim

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target lowered by Guggenheim from $74.00 to $67.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Guggenheim's target price suggests a potential upside of 43.46% from the company's current price.

PRKS has been the subject of a number of other research reports. Barclays decreased their target price on 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 increased their price objective on United Parks & Resorts from $48.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Morgan Stanley increased their price objective on United Parks & Resorts from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Stifel Nicolaus cut their target price on 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. Finally, JPMorgan Chase & Co. lowered their target price on 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $57.38.

United Parks & Resorts Stock Down 1.7%

Shares of PRKS traded down $0.80 during trading hours on Thursday, reaching $46.70. The company's stock had a trading volume of 77,698 shares, compared to its average volume of 864,666. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 2.34 and a beta of 1.44. United Parks & Resorts has a 1-year low of $37.68 and a 1-year high of $60.83. The company has a 50 day moving average of $46.25 and a two-hundred day moving average of $48.32.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06). The firm had revenue of $286.95 million during 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 company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) EPS. As a group, analysts forecast that United Parks & Resorts will post 3.95 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parks & Resorts

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of United Parks & Resorts during the 1st quarter worth about $31,000. GAMMA Investing LLC grew its position in shares of United Parks & Resorts by 3,233.3% during the 1st quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock worth $114,000 after buying an additional 2,425 shares during the period. QRG Capital Management Inc. grew its position in shares of United Parks & Resorts by 11.3% during the 1st quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after buying an additional 456 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of United Parks & Resorts by 7.4% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,500 shares of the company's stock worth $205,000 after buying an additional 310 shares during the period. Finally, Mariner LLC acquired a new position in shares of United Parks & Resorts during the 4th quarter worth about $214,000.

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.

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