Six Flags Entertainment Co. (NYSE:SIX) Receives Consensus Rating of “Hold” from Brokerages

Posted by Defense World Staff on May 5th, 2023

Six Flags Entertainment Co. (NYSE:SIX – Get Rating) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $30.18.

Several equities analysts recently issued reports on SIX shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Six Flags Entertainment from $29.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 6th. StockNews.com assumed coverage on Six Flags Entertainment in a report on Thursday, March 16th. They set a “hold” rating for the company. Rosenblatt Securities increased their price target on Six Flags Entertainment from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 22nd. TheStreet downgraded Six Flags Entertainment from a “c” rating to a “d+” rating in a report on Thursday, March 2nd. Finally, Morgan Stanley began coverage on Six Flags Entertainment in a report on Thursday, April 20th. They set an “equal weight” rating and a $29.00 price target for the company.

Six Flags Entertainment Stock Down 2.3 %

Shares of Six Flags Entertainment stock opened at $22.18 on Friday. Six Flags Entertainment has a twelve month low of $16.83 and a twelve month high of $36.22. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 16.80 and a beta of 2.19. The company’s fifty day moving average is $25.46 and its 200 day moving average is $24.57.

Six Flags Entertainment (NYSE:SIX – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. Six Flags Entertainment had a net margin of 8.02% and a negative return on equity of 13.50%. The company had revenue of $279.88 million for the quarter, compared to analysts’ expectations of $282.05 million. As a group, equities analysts anticipate that Six Flags Entertainment will post 2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Six Flags Entertainment

Several large investors have recently bought and sold shares of SIX. National Bank of Canada FI raised its holdings in shares of Six Flags Entertainment by 166.4% in the first quarter. National Bank of Canada FI now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 699 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Six Flags Entertainment during the 1st quarter worth approximately $31,000. CWM LLC grew its holdings in shares of Six Flags Entertainment by 51.7% in the fourth quarter. CWM LLC now owns 1,186 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Six Flags Entertainment by 58.9% during the first quarter. Captrust Financial Advisors now owns 1,257 shares of the company’s stock worth $55,000 after acquiring an additional 466 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in Six Flags Entertainment by 64.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,425 shares of the company’s stock worth $33,000 after acquiring an additional 559 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Six Flags Entertainment Company Profile

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Six Flags Entertainment Corp. engages in the ownership and operation of theme parks and water parks. It operates under the brand name Six Flags, which offers rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus G. Wynne Jr.