Six Flags Entertainment (NYSE:FUN) Price Target Cut to $26.00 by Analysts at Oppenheimer

Six Flags Entertainment (NYSE:FUN) had its target price reduced by research analysts at Oppenheimer from $40.00 to $26.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 43.56% from the company’s previous close.

A number of other brokerages also recently commented on FUN. Mizuho boosted their target price on shares of Six Flags Entertainment from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Morgan Stanley set a $18.00 price target on Six Flags Entertainment in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Six Flags Entertainment in a report on Thursday, January 22nd. Citigroup downgraded Six Flags Entertainment from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $20.00 in a report on Thursday, February 5th. Finally, Guggenheim cut their target price on Six Flags Entertainment from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.85.

Six Flags Entertainment Stock Up 2.0%

NYSE:FUN traded up $0.36 during mid-day trading on Wednesday, hitting $18.11. The stock had a trading volume of 1,382,483 shares, compared to its average volume of 2,218,382. Six Flags Entertainment has a twelve month low of $12.51 and a twelve month high of $38.47. The stock has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $17.85. The company has a current ratio of 0.69, a quick ratio of 0.59 and a debt-to-equity ratio of 9.40. The company has a market capitalization of $1.84 billion, a PE ratio of -1.14 and a beta of 0.36.

Six Flags Entertainment (NYSE:FUN) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.60). Six Flags Entertainment had a negative net margin of 51.58% and a positive return on equity of 3.77%. The firm had revenue of $650.09 million during the quarter, compared to analysts’ expectations of $602.68 million. Six Flags Entertainment’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Six Flags Entertainment will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Six Flags Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its stake in Six Flags Entertainment by 145.5% in the fourth quarter. CoreCap Advisors LLC now owns 1,645 shares of the company’s stock valued at $25,000 after acquiring an additional 975 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Six Flags Entertainment during the third quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Six Flags Entertainment in the 4th quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of Six Flags Entertainment in the 3rd quarter valued at about $30,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Six Flags Entertainment by 259.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 722 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

About Six Flags Entertainment

Six Flags Entertainment Corporation is a publicly traded regional theme park operator based in Arlington, Texas. The company develops, owns and operates amusement and water parks, offering a diverse portfolio of thrill rides, family attractions, live entertainment, food and beverage offerings, and retail merchandise. Its main revenue streams include single-day tickets, season passes, on-site accommodations, in-park retail sales, and food and beverage services.

Founded in 1961 by Angus G.