United Parks & Resorts (NYSE:PRKS) Given New $76.00 Price Target at Deutsche Bank Aktiengesellschaft

United Parks & Resorts (NYSE:PRKS) had its price objective cut by research analysts at Deutsche Bank Aktiengesellschaft from $79.00 to $76.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 44.54% from the company’s current price.

Other analysts also recently issued research reports about the stock. B. Riley lifted their target price on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 1st. Mizuho upped their target price on shares of United Parks & Resorts from $47.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, May 9th. Truist Financial boosted their price target on shares of United Parks & Resorts from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Guggenheim initiated coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They set a “buy” rating and a $73.00 target price on the stock. Finally, Citigroup upped their price target on shares of United Parks & Resorts from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.00.

United Parks & Resorts Trading Down 0.3 %

Shares of NYSE:PRKS traded down $0.16 during trading on Tuesday, reaching $52.58. 326,879 shares of the company’s stock traded hands, compared to its average volume of 866,405. 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 cap of $3.29 billion, a price-to-earnings ratio of 14.09 and a beta of 2.02. The stock has a 50-day simple moving average of $53.21.

United Parks & Resorts (NYSE:PRKS) last released its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.09. United Parks & Resorts had a net margin of 13.84% and a negative return on equity of 88.59%. The business had revenue of $297.40 million for the quarter, compared to analyst estimates of $286.88 million. During the same period last year, the company posted ($0.26) EPS. The business’s revenue was up 1.4% on a year-over-year basis. As a group, research analysts predict that United Parks & Resorts will post 4.38 earnings per share for the current fiscal year.

Insider Activity at United Parks & Resorts

In related news, insider Jayson Maxwell sold 500 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $53.92, for a total transaction of $26,960.00. Following the completion of the sale, the insider now directly owns 1,267 shares of the company’s stock, valued at approximately $68,316.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Jayson Maxwell sold 500 shares of United Parks & Resorts stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $53.92, for a total value of $26,960.00. Following the sale, the insider now directly owns 1,267 shares in the company, valued at approximately $68,316.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher Dold sold 32,518 shares of United Parks & Resorts stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $51.54, for a total transaction of $1,675,977.72. Following the completion of the sale, the insider now owns 33,242 shares in the company, valued at $1,713,292.68. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.