Six Flags Entertainment (NYSE:SIX) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Six Flags Entertainment (NYSE:SIX) from a sell rating to a hold rating in a research report released on Saturday morning, ValuEngine reports.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group initiated coverage on Six Flags Entertainment in a research report on Monday, April 22nd. They set a hold rating and a $56.00 price target on the stock. Wedbush upgraded Six Flags Entertainment from a neutral rating to an outperform rating and raised their price target for the stock from $51.00 to $62.00 in a research report on Wednesday, June 19th. Finally, Wells Fargo & Co upgraded Six Flags Entertainment from a market perform rating to an outperform rating and raised their price target for the stock from $52.00 to $56.00 in a research report on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $61.40.

Shares of Six Flags Entertainment stock traded up $0.52 during trading on Friday, hitting $54.18. 735,653 shares of the stock traded hands, compared to its average volume of 1,293,030. The company has a market capitalization of $4.53 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.04. The business has a fifty day simple moving average of $52.18. Six Flags Entertainment has a 52 week low of $46.68 and a 52 week high of $72.39.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.99 by $0.01. Six Flags Entertainment had a negative return on equity of 41.03% and a net margin of 18.35%. The firm had revenue of $477.20 million for the quarter, compared to analyst estimates of $468.44 million. During the same period in the prior year, the company earned $0.88 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Six Flags Entertainment will post 2.83 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIX. Norges Bank purchased a new stake in Six Flags Entertainment in the 4th quarter worth approximately $38,458,000. Wells Fargo & Company MN lifted its holdings in Six Flags Entertainment by 183.8% in the 2nd quarter. Wells Fargo & Company MN now owns 437,342 shares of the company’s stock worth $21,728,000 after buying an additional 283,254 shares during the period. FMR LLC lifted its holdings in Six Flags Entertainment by 52.3% in the 4th quarter. FMR LLC now owns 803,482 shares of the company’s stock worth $44,698,000 after buying an additional 275,896 shares during the period. Gradient Investments LLC lifted its holdings in Six Flags Entertainment by 761,921.7% in the 2nd quarter. Gradient Investments LLC now owns 175,265 shares of the company’s stock worth $8,707,000 after buying an additional 175,242 shares during the period. Finally, Marshall Wace North America L.P. lifted its holdings in Six Flags Entertainment by 201.9% in the 1st quarter. Marshall Wace North America L.P. now owns 226,359 shares of the company’s stock worth $11,169,000 after buying an additional 151,384 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and water parks 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 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.

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Analyst Recommendations for Six Flags Entertainment (NYSE:SIX)

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