Six Flags Entertainment Corp. (NYSE:SIX) had its price objective boosted by equities research analysts at Credit Suisse Group AG from $67.00 to $69.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 19.71% from the stock’s current price.

A number of other analysts also recently issued reports on SIX. B. Riley restated a “buy” rating and set a $65.00 price target on shares of Six Flags Entertainment Corp. in a report on Monday, October 24th. FBR & Co raised their price target on shares of Six Flags Entertainment Corp. from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. Janney Montgomery Scott restated a “buy” rating and set a $62.00 price target on shares of Six Flags Entertainment Corp. in a report on Thursday, October 27th. Zacks Investment Research upgraded shares of Six Flags Entertainment Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Finally, Macquarie restated a “neutral” rating and set a $57.00 price target on shares of Six Flags Entertainment Corp. in a report on Friday, September 23rd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $62.00.

Analyst Recommendations for Six Flags Entertainment Corp. (NYSE:SIX)

Six Flags Entertainment Corp. (NYSE:SIX) traded up 0.28% during mid-day trading on Wednesday, reaching $57.64. The company’s stock had a trading volume of 822,077 shares. Six Flags Entertainment Corp. has a 52 week low of $45.24 and a 52 week high of $62.69. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 46.90 and a beta of 1.17. The company’s 50-day moving average price is $54.29 and its 200 day moving average price is $54.86.

Six Flags Entertainment Corp. (NYSE:SIX) last released its earnings results on Wednesday, October 26th. The company reported $1.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by $0.56. Six Flags Entertainment Corp. had a negative return on equity of 297.44% and a net margin of 9.14%. The business earned $558 million during the quarter, compared to analysts’ expectations of $586.44 million. During the same period last year, the business earned $1.64 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that Six Flags Entertainment Corp. will post $1.30 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Thursday, December 1st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Tuesday, November 29th. This is a boost from Six Flags Entertainment Corp.’s previous quarterly dividend of $0.58. Six Flags Entertainment Corp.’s dividend payout ratio (DPR) is currently 185.60%.

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In other Six Flags Entertainment Corp. news, CFO Marshall Barber sold 6,424 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $57.00, for a total value of $366,168.00. Following the completion of the transaction, the chief financial officer now owns 88,036 shares of the company’s stock, valued at approximately $5,018,052. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of SIX. Weatherstone Capital Management boosted its position in shares of Six Flags Entertainment Corp. by 0.7% in the second quarter. Weatherstone Capital Management now owns 6,299 shares of the company’s stock valued at $365,000 after buying an additional 41 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Six Flags Entertainment Corp. by 2.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,971 shares of the company’s stock valued at $114,000 after buying an additional 56 shares during the period. Utah Retirement Systems boosted its stake in Six Flags Entertainment Corp. by 0.8% in the second quarter. Utah Retirement Systems now owns 13,000 shares of the company’s stock valued at $753,000 after buying an additional 100 shares during the period. Commerce Bank boosted its stake in Six Flags Entertainment Corp. by 2.3% in the third quarter. Commerce Bank now owns 4,500 shares of the company’s stock valued at $242,000 after buying an additional 100 shares during the period. Finally, First Quadrant L P CA boosted its stake in Six Flags Entertainment Corp. by 4.7% in the second quarter. First Quadrant L P CA now owns 2,617 shares of the company’s stock valued at $152,000 after buying an additional 117 shares during the period. 90.32% of the stock is owned by institutional investors.

About Six Flags Entertainment Corp.

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land.

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