United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.60 Consensus PT from Analysts

Shares of United Parks & Resorts Inc. (NYSE:PRKSGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $62.60.

A number of equities research analysts have commented on the company. Truist Financial raised their target price on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. Guggenheim cut their target price on shares of United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Mizuho restated an “underperform” rating and issued a $43.00 price target (down previously from $45.00) on shares of United Parks & Resorts in a report on Friday, November 8th. Macquarie lowered their price target on United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Finally, B. Riley reissued a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th.

Check Out Our Latest Report on PRKS

Insider Activity

In other news, insider James Mikolaichik purchased 34,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $57.29 per share, with a total value of $1,947,860.00. Following the transaction, the insider now owns 76,267 shares in the company, valued at approximately $4,369,336.43. The trade was a 80.44 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the completion of the sale, the insider now directly owns 132,439 shares in the company, valued at $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Hexagon Capital Partners LLC bought a new position in United Parks & Resorts during the third quarter valued at about $25,000. Exchange Traded Concepts LLC acquired a new stake in United Parks & Resorts during the 3rd quarter worth about $28,000. Blue Trust Inc. acquired a new stake in United Parks & Resorts during the 3rd quarter worth about $30,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $32,000. Finally, KBC Group NV purchased a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $54,000.

United Parks & Resorts Stock Up 0.0 %

Shares of PRKS opened at $52.23 on Friday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.09 and a beta of 1.99. United Parks & Resorts has a 52-week low of $44.72 and a 52-week high of $60.83. The stock has a 50 day moving average price of $56.60 and a 200 day moving average price of $53.49.

United Parks & Resorts (NYSE:PRKSGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. The firm had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. During the same quarter last year, the business earned $1.92 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts anticipate that United Parks & Resorts will post 3.96 EPS for the current fiscal year.

About United Parks & Resorts

(Get Free Report

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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Analyst Recommendations for United Parks & Resorts (NYSE:PRKS)

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