United Parks & Resorts (NYSE:PRKS) Price Target Raised to $52.00

United Parks & Resorts (NYSE:PRKS - Get Free Report) had its price target boosted by equities researchers at Morgan Stanley from $50.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 7.26% from the company's previous close.

Several other equities research analysts have also commented on the company. Barclays assumed coverage on United Parks & Resorts in a research report on Friday, March 14th. They set an "equal weight" rating and a $50.00 target price on the stock. Mizuho upped their target price on United Parks & Resorts from $43.00 to $45.00 and gave the company an "underperform" rating in a research report on Thursday, February 27th. Macquarie cut their price target on United Parks & Resorts from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. UBS Group initiated coverage on United Parks & Resorts in a report on Wednesday, April 9th. They issued a "neutral" rating and a $49.00 price target on the stock. Finally, Truist Financial cut their price target on United Parks & Resorts from $62.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, United Parks & Resorts has an average rating of "Hold" and a consensus price target of $58.15.

United Parks & Resorts Price Performance

Shares of United Parks & Resorts stock traded down $0.01 on Tuesday, hitting $48.48. 27,689 shares of the company's stock traded hands, compared to its average volume of 903,925. United Parks & Resorts has a one year low of $37.68 and a one year high of $60.83. The company has a fifty day moving average of $45.38 and a two-hundred day moving average of $51.47. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 12.15 and a beta of 1.51.

United Parks & Resorts (NYSE:PRKS - Get Free Report) last announced its earnings results 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 net margin of 13.85% and a negative return on equity of 76.13%. The business had revenue of $286.95 million for the quarter, compared to the consensus estimate of $294.28 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts anticipate that United Parks & Resorts will post 3.95 earnings per share for the current year.

Insider Transactions at United Parks & Resorts

In other news, insider Byron Surrett sold 7,008 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $48.90, for a total value of $342,691.20. Following the completion of the sale, the insider now directly owns 11,050 shares of the company's stock, valued at $540,345. This represents a 38.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

Institutional Trading of United Parks & Resorts

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of United Parks & Resorts during the first quarter valued at approximately $31,000. R Squared Ltd purchased a new stake in shares of United Parks & Resorts during the fourth quarter valued at approximately $72,000. KBC Group NV increased its position in shares of United Parks & Resorts by 60.2% during the fourth quarter. KBC Group NV now owns 1,698 shares of the company's stock valued at $95,000 after acquiring an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of 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 valued at $103,000 after acquiring an additional 1,339 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of United Parks & Resorts by 3,233.3% during the first quarter. GAMMA Investing LLC now owns 2,500 shares of the company's stock valued at $114,000 after acquiring an additional 2,425 shares during 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.