Brokerages Set Six Flags Entertainment Corporation New (SIX) Target Price at $67.25

Six Flags Entertainment Corporation New (NYSE:SIX) has received an average recommendation of “Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $67.25.

A number of equities research analysts recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, November 1st. Zacks Investment Research raised Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a report on Friday, October 27th. TheStreet raised Six Flags Entertainment Corporation New from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, October 25th.

ILLEGAL ACTIVITY WARNING: “Brokerages Set Six Flags Entertainment Corporation New (SIX) Target Price at $67.25” was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/11/16/brokerages-set-six-flags-entertainment-corporation-new-six-target-price-at-67-25.html.

Shares of Six Flags Entertainment Corporation New (SIX) traded up $0.54 during midday trading on Friday, reaching $65.27. The company’s stock had a trading volume of 573,800 shares, compared to its average volume of 1,101,261. The company has a debt-to-equity ratio of -3.53, a quick ratio of 0.71 and a current ratio of 0.80. The firm has a market capitalization of $5,423.45, a P/E ratio of 30.97, a PEG ratio of 3.88 and a beta of 1.15. Six Flags Entertainment Corporation New has a fifty-two week low of $51.25 and a fifty-two week high of $65.75.

Six Flags Entertainment Corporation New (NYSE:SIX) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.31. Six Flags Entertainment Corporation New had a negative return on equity of 47.41% and a net margin of 13.24%. The business had revenue of $580.40 million during the quarter, compared to the consensus estimate of $583.59 million. During the same quarter last year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. analysts expect that Six Flags Entertainment Corporation New will post 2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 30th will be given a dividend of $0.70 per share. This is a boost from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, November 29th. Six Flags Entertainment Corporation New’s dividend payout ratio (DPR) is currently 122.49%.

In related news, Director Jon L. Luther purchased 3,000 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $52.58 per share, for a total transaction of $157,740.00. Following the completion of the transaction, the director now owns 53,511 shares in the company, valued at $2,813,608.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Reid-Anderson sold 41,008 shares of Six Flags Entertainment Corporation New stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $65.06, for a total value of $2,667,980.48. Following the transaction, the chief executive officer now owns 3,570,602 shares of the company’s stock, valued at $232,303,366.12. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. TD Asset Management Inc. increased its position in shares of Six Flags Entertainment Corporation New by 0.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the company’s stock valued at $787,000 after buying an additional 59 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Six Flags Entertainment Corporation New by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 5,828 shares of the company’s stock valued at $347,000 after buying an additional 80 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Six Flags Entertainment Corporation New by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 34,029 shares of the company’s stock valued at $2,024,000 after buying an additional 151 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Six Flags Entertainment Corporation New by 6.2% in the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock valued at $159,000 after buying an additional 155 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Six Flags Entertainment Corporation New by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock valued at $157,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

Receive News & Ratings for Six Flags Entertainment Corporation New Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Six Flags Entertainment Corporation New and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply