United Parks & Resorts (NYSE:PRKS) Stock Price Target Raised at Citigroup

United Parks & Resorts (NYSE:PRKS – Free Report) had its target price increased by Citigroup from $34.00 to $39.00 in a report released on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on PRKS. Truist Financial dropped their price objective on United Parks & Resorts from $53.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Weiss Ratings cut United Parks & Resorts from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $55.00 target price on United Parks & Resorts in a research report on Thursday, August 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $39.00 target price on shares of United Parks & Resorts in a report on Friday. Finally, Mizuho set a $51.00 price target on United Parks & Resorts in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.70.

Get Our Latest Stock Report on PRKS

United Parks & Resorts Stock Performance

PRKS stock traded up $1.95 during trading on Friday, reaching $39.81. 1,068,820 shares of the company were exchanged, compared to its average volume of 690,477. The stock’s 50 day moving average price is $34.47 and its 200 day moving average price is $38.07. United Parks & Resorts has a 52-week low of $28.77 and a 52-week high of $50.00. The company has a market cap of $1.80 billion, a P/E ratio of 14.91, a PEG ratio of 3.13 and a beta of 1.22.

United Parks & Resorts (NYSE:PRKS – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.14). United Parks & Resorts had a net margin of 8.11% and a negative return on equity of 27.85%. The company had revenue of $506.45 million during the quarter, compared to analysts’ expectations of $511.03 million. During the same period last year, the business posted $1.61 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts forecast that United Parks & Resorts will post 2.85 EPS for the current year.

Insider Transactions at United Parks & Resorts

In related news, insider James Forrester, Jr. sold 1,150 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $35.71, for a total value of $41,066.50. Following the sale, the insider owned 26,733 shares of the company’s stock, valued at approximately $954,635.43. This represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On United Parks & Resorts

Hedge funds have recently bought and sold shares of the stock. Jefferies Financial Group Inc. increased its position in United Parks & Resorts by 50.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 10,400 shares of the company’s stock worth $337,000 after purchasing an additional 3,467 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $379,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of United Parks & Resorts by 0.3% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 510,444 shares of the company’s stock worth $16,538,000 after purchasing an additional 1,291 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of United Parks & Resorts during the 3rd quarter worth about $302,000. Finally, Inspire Investing LLC grew its holdings in shares of United Parks & Resorts by 35.3% during the third quarter. Inspire Investing LLC now owns 19,381 shares of the company’s stock worth $628,000 after buying an additional 5,054 shares in the last quarter.

More United Parks & Resorts News

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About United Parks & Resorts

(Get Free Report)

United Parks & Resorts Inc (NYSE: PRKS) is a theme park and entertainment company that owns and operates a portfolio of destination amusement and water parks in the United States. Its properties combine rides, live entertainment, animal exhibits, educational experiences, seasonal events and hospitality-related offerings.

The company’s portfolio includes SeaWorld parks in Orlando, San Antonio and San Diego; Busch Gardens parks in Tampa and Williamsburg, Virginia; Sesame Place parks in Pennsylvania and California; and water parks and attractions such as Aquatica, Adventure Island, Water Country USA and Discovery Cove.

Further Reading

Analyst Recommendations for United Parks & Resorts (NYSE:PRKS)

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