Six Flags Entertainment Co. (NYSE:SIX) Receives $28.23 Average Target Price from Analysts

Six Flags Entertainment Co. (NYSE:SIX) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.23.

Several research analysts recently issued reports on the company. Citigroup lifted their price objective on Six Flags Entertainment from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. B. Riley downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Monday, February 5th. Morgan Stanley upgraded Six Flags Entertainment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $29.00 to $32.00 in a research report on Thursday, December 14th. StockNews.com initiated coverage on shares of Six Flags Entertainment in a report on Thursday. They issued a “hold” rating on the stock. Finally, Truist Financial lifted their price target on shares of Six Flags Entertainment from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th.

Institutional Trading of Six Flags Entertainment

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG raised its holdings in Six Flags Entertainment by 151.2% in the third quarter. Deutsche Bank AG now owns 321,548 shares of the company’s stock valued at $7,560,000 after buying an additional 193,543 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Six Flags Entertainment by 21.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,206,197 shares of the company’s stock valued at $31,339,000 after acquiring an additional 212,655 shares during the period. Rush Island Management LP raised its stake in shares of Six Flags Entertainment by 23.9% in the 3rd quarter. Rush Island Management LP now owns 3,468,122 shares of the company’s stock valued at $81,536,000 after acquiring an additional 668,986 shares during the period. Cove Street Capital LLC lifted its holdings in shares of Six Flags Entertainment by 12.4% during the 3rd quarter. Cove Street Capital LLC now owns 478,053 shares of the company’s stock valued at $10,818,000 after acquiring an additional 52,600 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Six Flags Entertainment by 586.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 207,445 shares of the company’s stock worth $4,877,000 after purchasing an additional 177,245 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Six Flags Entertainment Stock Up 0.9 %

Shares of SIX stock opened at $26.32 on Monday. The stock has a market cap of $2.21 billion, a P/E ratio of 57.22 and a beta of 2.20. Six Flags Entertainment has a fifty-two week low of $18.29 and a fifty-two week high of $28.99. The business has a fifty day simple moving average of $25.40 and a 200-day simple moving average of $24.10.

Six Flags Entertainment (NYSE:SIX) last posted its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). Six Flags Entertainment had a net margin of 2.73% and a negative return on equity of 7.31%. The business had revenue of $292.55 million for the quarter, compared to analysts’ expectations of $298.42 million. On average, sell-side analysts anticipate that Six Flags Entertainment will post 1.8 earnings per share for the current year.

Six Flags Entertainment Company Profile

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.