Analysts Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $59.80

United Parks & Resorts Inc. (NYSE:PRKS) has earned a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $63.83.

PRKS has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 target price on the stock. Citigroup boosted their target price on United Parks & Resorts from $57.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Mizuho upped their price target on United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, May 9th. B. Riley upped their price target on United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Monday. Finally, Truist Financial dropped their price target on United Parks & Resorts from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher Dold sold 32,518 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.54, for a total value of $1,675,977.72. Following the transaction, the insider now owns 33,242 shares in the company, valued at $1,713,292.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christopher Dold sold 32,518 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares in the company, valued at approximately $1,713,292.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jayson Maxwell sold 500 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $53.92, for a total value of $26,960.00. Following the sale, the insider now owns 1,267 shares of the company’s stock, valued at approximately $68,316.64. The disclosure for this sale can be found here. Insiders have sold 34,018 shares of company stock worth $1,756,808 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

United Parks & Resorts Stock Performance

Shares of United Parks & Resorts stock opened at $52.99 on Monday. The company has a fifty day moving average price of $51.57. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.24 and a beta of 2.02. United Parks & Resorts has a fifty-two week low of $40.87 and a fifty-two week high of $58.44.

United Parks & Resorts (NYSE:PRKS) last announced its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.09. The company had revenue of $297.40 million for the quarter, compared to analyst estimates of $286.88 million. United Parks & Resorts had a negative return on equity of 88.59% and a net margin of 13.84%. United Parks & Resorts’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.26) earnings per share. As a group, equities research analysts expect that United Parks & Resorts will post 4.38 EPS for the current year.

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.