Citigroup Raises United Parks & Resorts (NYSE:PRKS) Price Target to $55.00

United Parks & Resorts (NYSE:PRKS) had its price target lifted by Citigroup from $50.00 to $55.00 in a report published on Wednesday, Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on PRKS. B. Riley increased their price target on United Parks & Resorts from $75.00 to $84.00 and gave the stock a buy rating in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parks & Resorts from $76.00 to $74.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Macquarie reduced their price objective on shares of United Parks & Resorts from $80.00 to $75.00 and set an outperform rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus dropped their target price on shares of United Parks & Resorts from $76.00 to $70.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial reduced their price target on shares of United Parks & Resorts from $68.00 to $62.00 and set a buy rating for the company in a research report on Thursday, August 8th. 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’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $65.00.

United Parks & Resorts Price Performance

Shares of NYSE PRKS opened at $52.18 on Wednesday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.03 and a beta of 2.01. The firm’s 50 day simple moving average is $51.17 and its 200-day simple moving average is $52.15. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.08). The firm had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 EPS. Analysts anticipate that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Jayson Maxwell sold 545 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the completion of the sale, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total transaction of $650,108.88. Following the sale, the director now owns 41,766 shares of the company’s stock, valued at $2,091,223.62. The disclosure for this sale can be found here. Insiders have sold a total of 37,366 shares of company stock worth $1,938,984 in the last ninety days. Insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

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.