Citigroup Boosts United Parks & Resorts (NYSE:PRKS) Price Target to $59.00

United Parks & Resorts (NYSE:PRKS) had its price target boosted by research analysts at Citigroup from $57.00 to $59.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential upside of 9.89% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Mizuho boosted their price objective on United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday. Truist Financial dropped their target price on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Guggenheim assumed coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their target price on United Parks & Resorts from $57.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.80.

United Parks & Resorts Trading Up 4.0 %

Shares of NYSE PRKS traded up $2.07 during mid-day trading on Thursday, hitting $53.69. The company’s stock had a trading volume of 1,424,448 shares, compared to its average volume of 849,257. The stock has a market capitalization of $3.39 billion, a PE ratio of 14.71 and a beta of 1.83. United Parks & Resorts has a one year low of $40.87 and a one year high of $61.30. The company has a fifty day simple moving average of $53.00.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.09. The firm had revenue of $297.40 million during the quarter, compared to the consensus estimate of $286.88 million. United Parks & Resorts had a negative return on equity of 72.46% and a net margin of 13.56%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned ($0.26) earnings per share. On average, equities research analysts anticipate that United Parks & Resorts will post 4.59 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Kyle Robert Miller sold 1,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the completion of the sale, the insider now owns 36,961 shares in the company, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Byron Surrett sold 5,083 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $50.50, for a total transaction of $256,691.50. Following the sale, the insider now owns 15,306 shares of the company’s stock, valued at $772,953. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kyle Robert Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The disclosure for this sale can be found here. Insiders have sold a total of 8,165 shares of company stock valued at $420,927 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.