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

United Parks & Resorts (NYSE:PRKS) had its price target reduced by JPMorgan Chase & Co. from $57.00 to $56.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 9.31% from the company’s previous close.

Several other analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. Citigroup upped their price objective on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Macquarie lowered their price target on shares of United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus lowered their target price on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial cut their target price on shares of United Parks & Resorts from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.40.

United Parks & Resorts Trading Up 0.1 %

PRKS stock traded up $0.06 during trading hours on Monday, hitting $51.23. 144,739 shares of the stock were exchanged, compared to its average volume of 908,557. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $60.36. The firm has a market capitalization of $2.97 billion, a P/E ratio of 13.77 and a beta of 2.01. The company has a 50-day simple moving average of $51.58 and a two-hundred day simple moving average of $52.18.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The company had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. United Parks & Resorts’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $1.35 EPS. On average, equities research analysts predict that United Parks & Resorts will post 4.36 earnings per share for the current year.

Insider Activity

In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the sale, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total value of $650,108.88. Following the completion of the sale, the director now directly owns 41,766 shares in the company, valued at $2,091,223.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jayson Maxwell sold 545 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were 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 disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.