Six Flags Entertainment Corporation (NYSE:FUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Six Flags Entertainment Corporation (NYSE:FUN) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $34.2143.

A number of equities analysts have weighed in on the company. Guggenheim set a $43.00 price target on Six Flags Entertainment and gave the stock a “buy” rating in a research report on Thursday, August 7th. Oppenheimer reduced their price target on Six Flags Entertainment from $60.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. Barclays reduced their price target on Six Flags Entertainment from $40.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, August 7th. The Goldman Sachs Group reduced their price target on Six Flags Entertainment from $30.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Jefferies Financial Group downgraded Six Flags Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the company from $41.00 to $25.00 in a report on Thursday, August 7th.

Six Flags Entertainment Trading Up 3.9%

NYSE:FUN opened at $26.72 on Tuesday. Six Flags Entertainment has a twelve month low of $20.00 and a twelve month high of $49.77. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 2.97. The business has a 50 day moving average price of $23.16 and a two-hundred day moving average price of $28.90. The company has a market cap of $2.71 billion, a P/E ratio of -5.51 and a beta of 0.71.

Six Flags Entertainment (NYSE:FUN) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.53). Six Flags Entertainment had a negative return on equity of 1.00% and a negative net margin of 14.92%.The firm had revenue of $930.39 million for the quarter, compared to analyst estimates of $999.82 million. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. As a group, analysts expect that Six Flags Entertainment will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Six Flags Entertainment

Large investors have recently made changes to their positions in the stock. Aurora Investment Counsel boosted its holdings in shares of Six Flags Entertainment by 114.8% in the 2nd quarter. Aurora Investment Counsel now owns 33,674 shares of the company’s stock valued at $1,025,000 after buying an additional 17,995 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Six Flags Entertainment in the 2nd quarter valued at approximately $656,000. Balefire LLC boosted its holdings in shares of Six Flags Entertainment by 73.7% in the 2nd quarter. Balefire LLC now owns 91,556 shares of the company’s stock valued at $2,786,000 after buying an additional 38,832 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Six Flags Entertainment by 7.5% in the 1st quarter. Peregrine Capital Management LLC now owns 131,499 shares of the company’s stock valued at $4,691,000 after buying an additional 9,231 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its holdings in shares of Six Flags Entertainment by 9.2% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 7,144 shares of the company’s stock valued at $217,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Six Flags Entertainment Company Profile

Cedar Fair, L.P. owns and operates amusement and water parks, as well as complementary resort facilities. Its amusement parks include Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Knott's Berry Farm near Los Angeles, California; Canada's Wonderland near Toronto, Ontario; Kings Island near Cincinnati, Ohio; Carowinds in Charlotte, North Carolina; Kings Dominion situated near Richmond, Virginia; California's Great America located in Santa Clara, California; Dorney Park in Pennsylvania; Worlds of Fun located in Kansas City, Missouri; Valleyfair situated near Minneapolis/St.