SeaWorld Entertainment Inc. (SEAS) Given a $14.00 Price Target by Barclays PLC Analysts
SeaWorld Entertainment Inc. (NYSE:SEAS) has been assigned a $14.00 price target by investment analysts at Barclays PLC in a research report issued to clients and investors on Wednesday. The firm presently has a a “sell” rating on the stock. Barclays PLC’s price objective suggests a potential downside of 18.13% from the company’s current price.
Several other research firms also recently issued reports on SEAS. FBR & Co cut their price objective on shares of SeaWorld Entertainment from $23.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, August 5th. Macquarie downgraded shares of SeaWorld Entertainment from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $12.58 to $12.88 in a report on Friday, August 5th. JPMorgan Chase & Co. cut their price objective on shares of SeaWorld Entertainment from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. KeyCorp cut their price objective on shares of SeaWorld Entertainment from $22.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 8th. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $14.50 price objective (down previously from $19.00) on shares of SeaWorld Entertainment in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.23.
Shares of SeaWorld Entertainment (NYSE:SEAS) opened at 17.10 on Wednesday. The firm’s 50-day moving average is $14.14 and its 200-day moving average is $15.01. SeaWorld Entertainment has a 1-year low of $11.77 and a 1-year high of $21.85. The company has a market cap of $1.46 billion, a PE ratio of 70.37 and a beta of 0.53.
SeaWorld Entertainment (NYSE:SEAS) last announced its earnings results on Tuesday, November 8th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.29. The firm earned $485.30 million during the quarter, compared to the consensus estimate of $411.29 million. SeaWorld Entertainment had a positive return on equity of 6.26% and a negative net margin of 0.87%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. On average, equities analysts forecast that SeaWorld Entertainment will post $0.60 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of SeaWorld Entertainment by 15.6% in the first quarter. BlackRock Inc. now owns 7,604 shares of the company’s stock valued at $160,000 after buying an additional 1,027 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of SeaWorld Entertainment by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 9,353 shares of the company’s stock valued at $134,000 after buying an additional 533 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in shares of SeaWorld Entertainment during the second quarter valued at $144,000. Pitcairn Co. acquired a new position in shares of SeaWorld Entertainment during the second quarter valued at $163,000. Finally, JPMorgan Chase & Co. increased its position in shares of SeaWorld Entertainment by 12,238.0% in the third quarter. JPMorgan Chase & Co. now owns 12,338 shares of the company’s stock valued at $166,000 after buying an additional 12,238 shares during the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.
SeaWorld Entertainment Company Profile
SeaWorld Entertainment, Inc is a theme park and entertainment company. It owns or licenses a portfolio of brands, including SeaWorld, Sea Rescue and Busch Gardens. It has a diversified portfolio of approximately 10 destination and regional theme parks that are located across the United States. Its theme parks feature a range of rides, shows and other attractions.
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