United Parks & Resorts (NYSE:PRKS) PT Raised to $55.00 at Citigroup

United Parks & Resorts (NYSE:PRKS) had its price objective lifted by Citigroup from $50.00 to $55.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on United Parks & Resorts from $76.00 to $74.00 and set a buy rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on United Parks & Resorts from $57.00 to $56.00 and set a neutral rating on the stock in a research note on Monday, September 16th. B. Riley increased their price objective on United Parks & Resorts from $75.00 to $84.00 and gave the stock a buy rating in a research note on Monday, July 1st. The Goldman Sachs Group cut United Parks & Resorts from a buy rating to a neutral rating and dropped their price objective for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus dropped their target price 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 research analyst has rated the stock with a sell rating, three have issued 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 a consensus price target of $65.00.

United Parks & Resorts Price Performance

Shares of PRKS stock opened at $52.18 on Wednesday. The company has a market cap of $3.02 billion, a PE ratio of 14.03 and a beta of 2.01. The stock’s 50 day simple moving average is $51.17 and its two-hundred day simple moving average is $52.16. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $60.36.

United Parks & Resorts (NYSE:PRKS) last released its 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 business had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a net margin of 14.06% and a negative return on equity of 92.07%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 EPS. Equities research analysts expect that United Parks & Resorts will post 4.36 EPS for the current year.

Insider Buying and Selling at United Parks & Resorts

In other news, insider Jayson Maxwell sold 545 shares of the stock in a transaction on Tuesday, August 27th. The stock was 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 owns 722 shares in the company, valued at approximately $35,695.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Jayson Maxwell sold 545 shares of the stock in a transaction on Tuesday, August 27th. The stock was 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 owns 722 shares in the company, valued at approximately $35,695.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the 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 sale, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is currently owned by corporate 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.