Truist Financial Lowers United Parks & Resorts (NYSE:PRKS) Price Target to $62.00

United Parks & Resorts (NYSE:PRKS) had its target price lowered by equities research analysts at Truist Financial from $68.00 to $62.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 30.97% from the stock’s current price.

A number of other research firms have also recently weighed in on PRKS. Citigroup increased their price target on United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $63.00 to $53.00 in a research report on Thursday. Mizuho lifted their target price on shares of United Parks & Resorts from $47.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, May 9th. B. Riley upped their price target on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of United Parks & Resorts from $79.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.90.

United Parks & Resorts Stock Performance

Shares of PRKS traded up $0.33 during midday trading on Thursday, reaching $47.34. The stock had a trading volume of 1,003,625 shares, compared to its average volume of 1,199,505. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 12.73 and a beta of 2.02. The company’s 50 day simple moving average is $52.80. United Parks & Resorts has a one year low of $40.87 and a one year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The business had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 EPS. As a group, analysts anticipate that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of United Parks & Resorts stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the completion of the transaction, the insider now directly owns 33,242 shares of the company’s stock, valued at approximately $1,713,292.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

About United Parks & Resorts

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.