Six Flags Entertainment Corp (NYSE:SIX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, American Banking & Market News reports. The firm currently has a $42.00 price objective on the stock. Zacks‘ target price indicates a potential upside of 6.33% from the stock’s previous close.
Six Flags Entertainment Corp (NYSE:SIX) traded up 0.68% during mid-day trading on Thursday, hitting $39.77. The stock had a trading volume of 1,192,204 shares. Six Flags Entertainment Corp has a 1-year low of $31.86 and a 1-year high of $41.48. The stock has a 50-day moving average of $36.79 and a 200-day moving average of $35.7. The company has a market cap of $3.772 billion and a price-to-earnings ratio of 33.62.
Six Flags Entertainment Corp (NYSE:SIX) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.36. The company had revenue of $154.19 million for the quarter, compared to the consensus estimate of $149.12 million. Analysts expect that Six Flags Entertainment Corp will post $1.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Monday, February 24th.
A number of other analysts have also recently weighed in on SIX. Analysts at Oppenheimer raised their price target on shares of Six Flags Entertainment Corp from $40.00 to $45.00 in a research note on Wednesday, February 19th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Six Flags Entertainment Corp from $43.00 to $44.00 in a research note on Tuesday, February 18th. Finally, analysts at FBR Capital Markets initiated coverage on shares of Six Flags Entertainment Corp in a research note on Tuesday, November 26th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $63.40.
Six Flags Entertainment Corporation (NYSE:SIX), incorporated on December 09, 1997, owns and operates regional theme, water and zoological parks.
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