United Parks & Resorts (NYSE:PRKS) Stock Price Expected to Rise, Mizuho Analyst Says

United Parks & Resorts (NYSE:PRKS) had its price objective increased by investment analysts at Mizuho from $43.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s target price would indicate a potential downside of 10.80% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Guggenheim cut their price target on United Parks & Resorts from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Truist Financial upped their price target on United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, United Parks & Resorts currently has an average rating of “Moderate Buy” and an average price target of $63.00.

United Parks & Resorts Stock Up 1.8 %

Shares of PRKS opened at $50.45 on Thursday. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The firm has a market capitalization of $2.77 billion, a PE ratio of 12.64 and a beta of 1.99. The stock’s fifty day simple moving average is $53.88 and its 200-day simple moving average is $53.31.

Insider Buying and Selling at United Parks & Resorts

In other United Parks & Resorts news, insider Christopher L. Finazzo sold 13,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $55.62, for a total value of $723,060.00. Following the transaction, the insider now owns 132,439 shares of the company’s stock, valued at approximately $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On United Parks & Resorts

Several large investors have recently modified their holdings of PRKS. Blue Trust Inc. bought a new stake in shares of United Parks & Resorts in the third quarter worth about $30,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Parks & Resorts in the third quarter worth about $32,000. KBC Group NV bought a new stake in shares of United Parks & Resorts in the third quarter worth about $54,000. Amalgamated Bank bought a new stake in shares of United Parks & Resorts in the third quarter worth about $65,000. Finally, R Squared Ltd bought a new stake in shares of United Parks & Resorts in the fourth quarter worth about $72,000.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.