Citigroup Raises United Parks & Resorts (NYSE:PRKS) Price Target to $55.00

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

Other analysts have also issued research reports about the company. Stifel Nicolaus cut their price target on United Parks & Resorts from $76.00 to $70.00 and set a buy rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group cut United Parks & Resorts from a buy rating to a neutral rating and cut their target price for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on United Parks & Resorts from $57.00 to $56.00 and set a neutral rating on the stock in a report on Monday, September 16th. Truist Financial cut their price objective on shares of United Parks & Resorts from $68.00 to $62.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parks & Resorts from $76.00 to $74.00 and set a buy rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $65.00.

United Parks & Resorts Stock Down 2.1 %

Shares of NYSE:PRKS opened at $52.18 on Wednesday. The stock has a market capitalization of $3.02 billion, a PE ratio of 14.03 and a beta of 2.01. The firm’s 50 day moving average price is $51.17 and its 200-day moving average price is $52.16. United Parks & Resorts has a twelve month low of $40.87 and a twelve month high of $60.36.

United Parks & Resorts (NYSE:PRKS) last announced 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). 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 for the quarter, compared to analysts’ expectations of $503.93 million. During the same period in the prior year, the company posted $1.35 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. 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 related news, insider George Anthony Taylor sold 23,837 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the sale, the insider now owns 85,463 shares of the company’s stock, valued at $4,524,411.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider George Anthony Taylor sold 23,837 shares of United Parks & Resorts stock in a transaction dated 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 completion of the transaction, the insider now owns 85,463 shares in the company, valued at $4,524,411.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yoshikazu Maruyama sold 12,984 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,091,223.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,366 shares of company stock valued at $1,938,984. 1.10% of the stock is 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.