You are here

Six Flags Entertainment Corp (SIX) Research Coverage Started at SunTrust Banks, Inc.

rooz Six Flags Entertainment Corp (SIX) Research Coverage Started at SunTrust Banks, Inc. image

Tweet
Equities researchers at SunTrust Banks, Inc. began coverage on shares of Six Flags Entertainment Corp (NYSE:SIX) in a report issued on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
A number of other analysts have also weighed in on SIX. B. Riley assumed coverage on shares of Six Flags Entertainment Corp in a research report on Monday, March 13th. They issued a “buy” rating and a $67.00 target price on the stock. Wedbush restated an “outperform” rating and issued a $64.00 target price on shares of Six Flags Entertainment Corp in a research report on Sunday, April 2nd. Goldman Sachs Group Inc assumed coverage on shares of Six Flags Entertainment Corp in a research report on Thursday, April 6th. They issued a “neutral” rating and a $65.00 target price on the stock. Zacks Investment Research upgraded shares of Six Flags Entertainment Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $67.00 target price (up previously from $62.00) on shares of Six Flags Entertainment Corp in a research report on Thursday, February 23rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Six Flags Entertainment Corp has a consensus rating of “Buy” and an average price target of $64.33.
Six Flags Entertainment Corp ( NYSE:SIX ) traded down 0.31% during mid-day trading on Wednesday, hitting $57.60. 633,973 shares of the company were exchanged. The company’s 50-day moving average is $58.92 and its 200 day moving average is $57.77. The company has a market capitalization of $5.25 billion, a P/E ratio of 46.08 and a beta of 1.18. Six Flags Entertainment Corp has a 12-month low of $47.61 and a 12-month high of $62.69. This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/12/six-flags-entertainment-corp-six-research-coverage-started-at-suntrust-banks-inc.html
Six Flags Entertainment Corp (NYSE:SIX) last issued its earnings results on Wednesday, February 22nd. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. Six Flags Entertainment Corp had a net margin of 9.14% and a negative return on equity of 297.44%. The company earned $239 million during the quarter, compared to analyst estimates of $230.14 million. During the same quarter in the prior year, the business earned $0.02 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Six Flags Entertainment Corp will post $1.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Wednesday, March 1st were issued a dividend of $0.64 per share. The ex-dividend date was Monday, February 27th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 4.44%. Six Flags Entertainment Corp’s dividend payout ratio (DPR) is presently 204.80%. WARNING: “Six Flags Entertainment Corp (SIX) Research Coverage Started at SunTrust Banks, Inc.” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/04/12/six-flags-entertainment-corp-six-research-coverage-started-at-suntrust-banks-inc.html.
In other news, VP Brett Petit sold 12,698 shares of Six Flags Entertainment Corp stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $61.95, for a total transaction of $786,641.10. Following the transaction, the vice president now owns 170,433 shares in the company, valued at $10,558,324.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . 7.10% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC raised its position in shares of Six Flags Entertainment Corp by 9.2% in the fourth quarter. William Blair Investment Management LLC now owns 4,818,670 shares of the company’s stock worth $288,927,000 after buying an additional 405,074 shares during the period. Wells Fargo & Company MN raised its position in shares of Six Flags Entertainment Corp by 41.4% in the third quarter. Wells Fargo & Company MN now owns 2,761,145 shares of the company’s stock worth $148,026,000 after buying an additional 808,607 shares during the period. Ameriprise Financial Inc. raised its position in shares of Six Flags Entertainment Corp by 21.1% in the third quarter. Ameriprise Financial Inc. now owns 2,403,688 shares of the company’s stock worth $128,823,000 after buying an additional 419,457 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Six Flags Entertainment Corp by 6.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,107,205 shares of the company’s stock worth $112,967,000 after buying an additional 122,417 shares during the period. Finally, Northern Trust Corp raised its position in shares of Six Flags Entertainment Corp by 1.2% in the third quarter. Northern Trust Corp now owns 970,563 shares of the company’s stock worth $52,031,000 after buying an additional 11,782 shares during the period. Institutional investors own 83.76% of the company’s stock.
Six Flags Entertainment Corp Company Profile
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America. Six Flags Entertainment Corp Six Flags Entertainment Corp

Related posts

Leave a Comment