JPMorgan Chase & Co. Cuts United Parks & Resorts (NYSE:PRKS) Price Target 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 report published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently weighed in on PRKS. Citigroup boosted their target price on shares of United Parks & Resorts from $55.00 to $59.00 and gave the stock a neutral rating in a research note on Monday, July 22nd. Stifel Nicolaus reduced their price objective on United Parks & Resorts from $76.00 to $70.00 and set a buy rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their price objective on 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. Deutsche Bank Aktiengesellschaft dropped their target price on United Parks & Resorts from $76.00 to $74.00 and set a buy rating for the company in a research report on Thursday, August 8th. Finally, B. Riley raised their price target on United Parks & Resorts from $75.00 to $84.00 and gave the company a buy rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $65.00.

United Parks & Resorts Price Performance

PRKS stock opened at $51.63 on Monday. The business has a fifty day moving average price of $51.32 and a 200 day moving average price of $52.16. United Parks & Resorts has a fifty-two week low of $40.87 and a fifty-two week high of $60.36. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.88 and a beta of 2.01.

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

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the transaction, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Yoshikazu Maruyama sold 12,984 shares of the business’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 transaction, the director now owns 41,766 shares of the company’s stock, valued at approximately $2,091,223.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider George Anthony Taylor sold 23,837 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $52.94, for a total value of $1,261,930.78. Following the sale, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,366 shares of company stock worth $1,938,984. 1.10% of the stock is owned by insiders.

United Parks & Resorts Company Profile

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.