United Parks & Resorts Inc. (NYSE:PRKS) Receives $47.20 Consensus Target Price from Brokerages

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have been assigned an average rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $47.20.

Several brokerages have weighed in on PRKS. Zacks Research cut United Parks & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 17th. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price objective (down from $43.00) on shares of United Parks & Resorts in a report on Tuesday, May 12th. Truist Financial lifted their price objective on United Parks & Resorts from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Guggenheim reduced their target price on United Parks & Resorts from $56.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Mizuho raised United Parks & Resorts from an “underperform” rating to an “outperform” rating and lifted their target price for the company from $27.00 to $47.00 in a report on Friday, May 8th.

United Parks & Resorts Trading Down 0.1%

NYSE PRKS opened at $40.75 on Monday. The company has a fifty day simple moving average of $35.95 and a 200 day simple moving average of $35.46. United Parks & Resorts has a 12-month low of $28.77 and a 12-month high of $56.95. The company has a market cap of $1.92 billion, a P/E ratio of 15.38, a PEG ratio of 3.21 and a beta of 1.17.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.33). United Parks & Resorts had a net margin of 9.09% and a negative return on equity of 35.46%. The business had revenue of $278.29 million during the quarter, compared to analyst estimates of $279.92 million. During the same period in the previous year, the business posted ($0.29) EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. Sell-side analysts predict that United Parks & Resorts will post 3.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new position in shares of United Parks & Resorts during the third quarter worth about $28,000. Federated Hermes Inc. lifted its position in United Parks & Resorts by 114.0% in the 3rd quarter. Federated Hermes Inc. now owns 550 shares of the company’s stock worth $28,000 after buying an additional 293 shares during the last quarter. Sound Income Strategies LLC bought a new stake in United Parks & Resorts in the 4th quarter worth approximately $25,000. Rockefeller Capital Management L.P. lifted its position in United Parks & Resorts by 183.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 851 shares of the company’s stock worth $31,000 after buying an additional 551 shares during the last quarter. Finally, Arax Advisory Partners bought a new stake in United Parks & Resorts in the 4th quarter worth approximately $31,000.

United Parks & Resorts Company Profile

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.