Six Flags Entertainment (NYSE:SIX) Upgraded by Wells Fargo & Co to Outperform

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Wells Fargo & Co upgraded shares of Six Flags Entertainment (NYSE:SIX) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday, Benzinga reports. Wells Fargo & Co currently has $56.00 price target on the stock, up from their prior price target of $52.00.

A number of other research firms have also recently issued reports on SIX. B. Riley set a $59.00 price target on shares of Shotspotter and gave the stock a buy rating in a report on Thursday, March 28th. Jefferies Financial Group raised their price target on shares of Constellation Brands from $267.00 to $275.00 and gave the stock a top pick rating in a report on Monday, April 22nd. Wedbush reaffirmed a buy rating and issued a $38.00 price target on shares of Obseva in a report on Wednesday, June 19th. Finally, Oppenheimer set a $63.00 price target on shares of Six Flags Entertainment and gave the stock a buy rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $61.40.

Shares of SIX opened at $54.07 on Tuesday. The firm has a market capitalization of $4.56 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 3.61 and a beta of 1.06. Six Flags Entertainment has a twelve month low of $46.68 and a twelve month high of $72.39. The company has a 50 day moving average price of $51.34.

Six Flags Entertainment (NYSE:SIX) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.82) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.86) by $0.04. The company had revenue of $128.19 million during the quarter, compared to the consensus estimate of $123.63 million. Six Flags Entertainment had a net margin of 18.40% and a negative return on equity of 41.58%. Six Flags Entertainment’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned ($0.74) earnings per share. Analysts anticipate that Six Flags Entertainment will post 2.84 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp purchased a new position in shares of Six Flags Entertainment during the first quarter worth $25,000. Next Capital Management LLC purchased a new position in shares of Six Flags Entertainment during the first quarter worth $34,000. Pinnacle Bank purchased a new position in shares of Six Flags Entertainment during the fourth quarter worth $58,000. BNP Paribas Arbitrage SA raised its holdings in shares of Six Flags Entertainment by 101.3% during the first quarter. BNP Paribas Arbitrage SA now owns 2,540 shares of the company’s stock worth $125,000 after purchasing an additional 1,278 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Six Flags Entertainment during the fourth quarter worth $158,000. 84.16% of the stock is owned by institutional investors and hedge funds.

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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