United Parks & Resorts Inc. (NYSE:PRKS) Receives $62.60 Average Price Target from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $62.60.

A number of equities research analysts recently commented on PRKS shares. B. Riley reissued a “buy” rating and set a $71.00 target price on shares of United Parks & Resorts in a research report on Monday, October 7th. Guggenheim dropped their target price 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. Mizuho reiterated an “underperform” rating and issued a $43.00 price target (down from $45.00) on shares of United Parks & Resorts in a research note on Friday, November 8th. Truist Financial upped their price objective on shares of United Parks & Resorts from $60.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Macquarie lowered their target price on shares of United Parks & Resorts from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, October 18th.

Insider Buying and Selling

In other United Parks & Resorts news, insider James Mikolaichik bought 34,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $57.29 per share, for a total transaction of $1,947,860.00. Following the transaction, the insider now directly owns 76,267 shares of the company’s stock, valued at approximately $4,369,336.43. This represents a 80.44 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher L. Finazzo sold 13,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $55.62, for a total transaction of $723,060.00. Following the transaction, the insider now owns 132,439 shares of the company’s stock, valued at $7,366,257.18. This represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parks & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC acquired a new stake in United Parks & Resorts in the 3rd quarter worth about $25,000. Exchange Traded Concepts LLC purchased a new stake in shares of United Parks & Resorts during the third quarter worth $28,000. Blue Trust Inc. acquired a new stake in shares of United Parks & Resorts in the third quarter valued at about $30,000. Public Employees Retirement System of Ohio purchased a new position in shares of United Parks & Resorts in the third quarter worth about $32,000. Finally, KBC Group NV acquired a new position in United Parks & Resorts during the third quarter worth about $54,000.

United Parks & Resorts Trading Up 1.1 %

Shares of NYSE PRKS opened at $52.81 on Friday. The stock has a market capitalization of $2.90 billion, a PE ratio of 13.24 and a beta of 1.99. United Parks & Resorts has a 12-month low of $44.72 and a 12-month high of $60.83. The stock’s fifty day simple moving average is $56.51 and its two-hundred day simple moving average is $53.48.

United Parks & Resorts (NYSE:PRKS) last posted its earnings results on Thursday, November 7th. The company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company had revenue of $545.90 million during the quarter, compared to analysts’ expectations of $550.47 million. United Parks & Resorts had a net margin of 13.85% and a negative return on equity of 76.13%. United Parks & Resorts’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. On average, equities analysts predict that United Parks & Resorts will post 3.96 earnings per share for the current fiscal year.

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.