United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

United Parks & Resorts Inc. (NYSE:PRKS) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $65.90.

PRKS has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. B. Riley raised their price objective on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 1st. Citigroup increased their target price on shares of United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Macquarie decreased their target price on shares of United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

United Parks & Resorts Price Performance

NYSE:PRKS opened at $51.19 on Friday. United Parks & Resorts has a one year low of $40.87 and a one year high of $60.36. The company has a market cap of $2.97 billion, a P/E ratio of 13.76 and a beta of 2.01. The firm’s fifty day moving average price is $51.58 and its two-hundred day moving average price is $52.16.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.08). United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. During the same period in the prior year, the company earned $1.35 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts expect that United Parks & Resorts will post 4.36 earnings per share for the current year.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now owns 722 shares in the company, valued at $35,695.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the transaction, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.