United Parks & Resorts (NYSE:PRKS) PT Lowered to $56.00

United Parks & Resorts (NYSE:PRKS) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $57.00 to $56.00 in a report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.20% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. B. Riley raised their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Truist Financial cut their target price 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. Citigroup increased their target price on United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Macquarie dropped their price target on United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Stifel Nicolaus reduced their price objective on 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

United Parks & Resorts Trading Up 0.8 %

Shares of NYSE:PRKS opened at $51.28 on Monday. The company has a 50 day moving average of $51.40 and a 200 day moving average of $52.16. The stock has a market cap of $3.20 billion, a P/E ratio of 13.78 and a beta of 2.01. 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 analysts’ consensus estimates of $1.54 by ($0.08). The firm had revenue of $497.60 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 earnings per share. On average, equities analysts forecast that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jayson Maxwell sold 545 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the completion of the sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Jayson Maxwell sold 545 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was 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 in the company, valued at approximately $35,695.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the completion of the sale, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. The disclosure for this sale can be found here. Insiders have sold 37,366 shares of company stock valued at $1,938,984 in the last ninety days. Company insiders own 1.10% of the company’s stock.

About United Parks & Resorts

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.