Six Flags Entertainment (NYSE:SIX) had its price objective increased by equities researchers at Stifel Nicolaus from $44.00 to $46.00 in a research note issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 23.82% from the stock’s previous close.

A number of other equities analysts have also commented on SIX. Zacks Investment Research upgraded shares of Six Flags Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday, December 22nd. Jefferies Financial Group upgraded shares of Six Flags Entertainment from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $30.00 in a report on Friday, October 30th. B. Riley lifted their price target on shares of Six Flags Entertainment from $27.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, November 20th. The Goldman Sachs Group upgraded shares of Six Flags Entertainment from a “sell” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $21.00 in a report on Friday, October 2nd. Finally, KeyCorp reiterated a “buy” rating and set a $25.00 price target (up previously from $22.00) on shares of Six Flags Entertainment in a report on Monday, November 2nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Six Flags Entertainment currently has an average rating of “Hold” and a consensus target price of $26.31.

Six Flags Entertainment stock traded up $1.13 during mid-day trading on Thursday, reaching $37.15. The company had a trading volume of 15,591 shares, compared to its average volume of 1,420,767. Six Flags Entertainment has a fifty-two week low of $8.75 and a fifty-two week high of $39.79. The company has a market cap of $3.16 billion, a P/E ratio of -58.05 and a beta of 2.27. The business has a fifty day simple moving average of $33.51 and a 200 day simple moving average of $24.67.

Six Flags Entertainment (NYSE:SIX) last issued its earnings results on Wednesday, October 28th. The company reported ($1.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.06) by ($0.31). Six Flags Entertainment had a negative net margin of 5.26% and a negative return on equity of 23.63%. The company had revenue of $126.33 million during the quarter, compared to analyst estimates of $131.26 million. Sell-side analysts predict that Six Flags Entertainment will post -4.49 earnings per share for the current fiscal year.

In related news, CEO Mike Spanos sold 902 shares of the company’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $31.02, for a total transaction of $27,980.04. Following the sale, the chief executive officer now directly owns 385,572 shares in the company, valued at approximately $11,960,443.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SIX. CWM LLC increased its holdings in Six Flags Entertainment by 1,067.3% during the 3rd quarter. CWM LLC now owns 1,716 shares of the company’s stock worth $35,000 after acquiring an additional 1,569 shares during the period. Private Advisor Group LLC purchased a new stake in Six Flags Entertainment during the 2nd quarter valued at $45,000. Cerebellum GP LLC purchased a new stake in Six Flags Entertainment during the 3rd quarter valued at $63,000. Acadian Asset Management LLC boosted its position in Six Flags Entertainment by 84.5% during the 3rd quarter. Acadian Asset Management LLC now owns 3,610 shares of the company’s stock valued at $73,000 after buying an additional 1,653 shares during the period. Finally, Point72 Hong Kong Ltd boosted its position in Six Flags Entertainment by 516.2% during the 2nd quarter. Point72 Hong Kong Ltd now owns 4,942 shares of the company’s stock valued at $95,000 after buying an additional 4,140 shares during the period. 80.66% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks 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 26 parks in the United States, Mexico, and Canada.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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