Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $46.40

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $46.40.

Several research analysts have recently commented on PRKS shares. Mizuho lowered their target price on shares of United Parks & Resorts from $28.00 to $27.00 and set an “underperform” rating on the stock in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parks & Resorts in a research note on Monday, December 29th. Citigroup reduced their price target on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Guggenheim dropped their price objective on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 2nd.

Institutional Investors Weigh In On United Parks & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in United Parks & Resorts in the second quarter valued at about $12,019,000. Principal Financial Group Inc. acquired a new position in United Parks & Resorts during the third quarter worth about $6,876,000. State of Alaska Department of Revenue acquired a new position in United Parks & Resorts during the third quarter worth about $865,000. ING Groep NV bought a new position in shares of United Parks & Resorts in the third quarter worth about $18,095,000. Finally, Clark Estates Inc. NY lifted its holdings in shares of United Parks & Resorts by 57.7% in the third quarter. Clark Estates Inc. NY now owns 205,000 shares of the company’s stock worth $10,598,000 after acquiring an additional 75,000 shares during the last quarter.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $31.25 on Wednesday. The firm has a 50-day moving average of $35.39 and a 200-day moving average of $40.57. United Parks & Resorts has a 52-week low of $29.62 and a 52-week high of $56.95. The stock has a market cap of $1.52 billion, a PE ratio of 10.24, a PEG ratio of 2.23 and a beta of 1.18.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). The business had revenue of $373.55 million for the quarter, compared to the consensus estimate of $375.87 million. United Parks & Resorts had a negative return on equity of 41.63% and a net margin of 10.13%.United Parks & Resorts’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. Equities research analysts predict that United Parks & Resorts will post 3.95 earnings per share for the current fiscal year.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.