Citigroup Issues Positive Forecast for United Parks & Resorts (NYSE:PRKS) Stock Price

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its target price lifted by Citigroup from $48.00 to $50.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 5.26% from the company's current price.

PRKS has been the topic of a number of other research reports. Morgan Stanley raised their target price on shares of United Parks & Resorts from $50.00 to $52.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Guggenheim raised their price target on shares of United Parks & Resorts from $72.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Truist Financial dropped their price target on shares of United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group started coverage on shares of United Parks & Resorts in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on shares of United Parks & Resorts from $74.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts currently has an average rating of "Hold" and a consensus price target of $57.92.

United Parks & Resorts Stock Performance

Shares of PRKS stock traded down $1.87 during trading hours on Thursday, hitting $47.50. 585,194 shares of the company were exchanged, compared to its average volume of 874,194. United Parks & Resorts has a one year low of $37.68 and a one year high of $60.83. The business's 50-day simple moving average is $46.15 and its two-hundred day simple moving average is $48.49. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 2.51 and a beta of 1.44.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $286.95 million during the quarter, compared to the consensus estimate of $294.28 million. During the same period in the prior year, the business earned ($0.17) EPS. The business's revenue was down 3.5% on a year-over-year basis. As a group, analysts anticipate that United Parks & Resorts will post 3.95 EPS for the current fiscal year.

Institutional Trading of United Parks & Resorts

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in United Parks & Resorts during the first quarter worth approximately $31,000. Steward Partners Investment Advisory LLC boosted its holdings in United Parks & Resorts by 267.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,839 shares of the company's stock worth $103,000 after buying an additional 1,339 shares in the last quarter. GAMMA Investing LLC boosted its holdings in United Parks & Resorts by 3,233.3% during the first quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock worth $114,000 after buying an additional 2,425 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in United Parks & Resorts by 11.3% during the first quarter. QRG Capital Management Inc. now owns 4,478 shares of the company's stock worth $204,000 after buying an additional 456 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its holdings in United Parks & Resorts by 7.4% during the first 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 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.