Six Flags Entertainment (NYSE:SIX) Price Target Lowered to $18.00 at SunTrust Banks

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Six Flags Entertainment (NYSE:SIX) had its target price decreased by investment analysts at SunTrust Banks from $19.00 to $18.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “hold” rating on the stock. SunTrust Banks’ price target indicates a potential upside of 3.51% from the company’s current price.

Several other equities analysts have also issued reports on SIX. Wells Fargo & Co raised Six Flags Entertainment from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $30.00 to $16.00 in a research note on Tuesday, April 28th. Zacks Investment Research raised shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Berenberg Bank upgraded shares of Six Flags Entertainment to a “buy” rating in a research report on Monday, June 15th. KeyCorp cut their price objective on shares of Six Flags Entertainment from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, ValuEngine raised shares of Six Flags Entertainment from a “hold” rating to a “buy” rating in a report on Monday, June 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.46.

Six Flags Entertainment stock opened at $17.39 on Thursday. Six Flags Entertainment has a 12 month low of $8.75 and a 12 month high of $59.52. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -27.17 and a beta of 2.20. The business has a 50 day moving average price of $20.51 and a two-hundred day moving average price of $23.40.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Wednesday, July 29th. The company reported ($1.62) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.59). Six Flags Entertainment had a negative return on equity of 23.63% and a negative net margin of 5.26%. The business had revenue of $19.14 million during the quarter, compared to analyst estimates of $52.29 million. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm’s revenue was down 96.0% compared to the same quarter last year. As a group, sell-side analysts expect that Six Flags Entertainment will post -1.9 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Comerica Bank raised its holdings in shares of Six Flags Entertainment by 11.3% in the 2nd quarter. Comerica Bank now owns 50,821 shares of the company’s stock valued at $1,043,000 after purchasing an additional 5,150 shares during the period. State of Michigan Retirement System raised its position in shares of Six Flags Entertainment by 31.3% in the second quarter. State of Michigan Retirement System now owns 28,629 shares of the company’s stock valued at $550,000 after purchasing an additional 6,829 shares during the period. Triton Wealth Management PLLC acquired a new stake in shares of Six Flags Entertainment during the 2nd quarter worth about $262,000. Sciencast Management LP boosted its holdings in shares of Six Flags Entertainment by 195.8% during the 2nd quarter. Sciencast Management LP now owns 53,197 shares of the company’s stock worth $1,026,000 after buying an additional 35,213 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Six Flags Entertainment by 66.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,669 shares of the company’s stock valued at $167,000 after buying an additional 3,459 shares during the last quarter. Institutional investors and hedge funds own 76.17% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The company's parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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