United Parks & Resorts (NYSE:PRKS) Price Target Raised to $53.00

United Parks & Resorts (NYSE:PRKS) had its price target upped by Truist Financial from $47.00 to $53.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also commented on PRKS. Mizuho cut their price target 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. Guggenheim lowered their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parks & Resorts in a report on Monday, December 29th. Zacks Research upgraded United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Citigroup decreased their price target on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, United Parks & Resorts currently has an average rating of “Hold” and an average target price of $47.00.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $29.77 on Thursday. The company has a 50 day simple moving average of $34.70 and a 200 day simple moving average of $39.70. United Parks & Resorts has a 1 year low of $28.77 and a 1 year high of $56.95. The firm has a market cap of $1.45 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.18.

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

Institutional Investors Weigh In On United Parks & Resorts

Several large investors have recently modified their holdings of the company. Nomura Holdings Inc. lifted its holdings in United Parks & Resorts by 742.3% in the third quarter. Nomura Holdings Inc. now owns 4,476,357 shares of the company’s stock valued at $231,428,000 after buying an additional 3,944,894 shares during the period. Goldentree Asset Management LP boosted its position in United Parks & Resorts by 83.5% during the fourth quarter. Goldentree Asset Management LP now owns 2,438,437 shares of the company’s stock valued at $88,366,000 after acquiring an additional 1,109,930 shares during the last quarter. Long Pond Capital LP acquired a new stake in United Parks & Resorts during the 4th quarter worth about $31,036,000. CIBC Bancorp USA Inc. acquired a new stake in United Parks & Resorts during the 3rd quarter worth about $26,000,000. Finally, Cibc World Markets Corp bought a new position in shares of United Parks & Resorts in the 4th quarter worth about $18,215,000.

Trending Headlines about United Parks & Resorts

Here are the key news stories impacting United Parks & Resorts this week:

• Positive Sentiment: Truist raised its price target on PRKS to $53 and reiterated a “Buy” rating, highlighting upside vs. the current share level; this analyst support can cushion selling and attract buyers. Read More.
• Neutral Sentiment: Company fundamentals/context: PRKS trades with a low P/E (~9.8) and has recently missed quarterly EPS and revenue expectations, which keeps valuation and operational questions on investors’ radars even as sentiment shifts. Read More.
• Negative Sentiment: DOJ filed a suit alleging the company’s ban on wheeled walkers/rollators at its parks violated the Americans with Disabilities Act — this is a formal federal action that raises potential liability for damages, compliance costs, and required policy changes. Read More.
• Negative Sentiment: Additional lawsuits and media stories allege theme parks have excluded guests with mobility needs; broader scrutiny increases reputational risk and could expand legal exposure beyond a single suit. Read More.
• Negative Sentiment: Practical implications for PRKS: potential costs for retrofitting policies/operations, settlement or penalty risk, and near‑term foot traffic uncertainty if accessibility policies remain in dispute — these factors likely drove the stock down as traders reprice legal risk. Read More.

About United Parks & Resorts

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.