United Parks & Resorts (NYSE:PRKS) Given New $56.00 Price Target at JPMorgan Chase & Co.

United Parks & Resorts (NYSE:PRKS) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $57.00 to $56.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 9.31% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup boosted their target price 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. Stifel Nicolaus cut their target price on United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Macquarie reduced their target price on United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group cut shares of United Parks & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $63.00 to $53.00 in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

United Parks & Resorts Stock Performance

PRKS stock traded up $0.06 during mid-day trading on Monday, hitting $51.23. The company had a trading volume of 144,739 shares, compared to its average volume of 908,557. The firm has a market cap of $2.97 billion, a PE ratio of 13.77 and a beta of 2.01. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $60.36. The stock’s fifty day moving average price is $51.58 and its two-hundred day moving average price is $52.18.

United Parks & Resorts (NYSE:PRKS) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. During the same period last year, the company posted $1.35 earnings per share. United Parks & Resorts’s revenue for the quarter was up .3% on a year-over-year basis. Equities analysts anticipate that United Parks & Resorts will post 4.36 earnings per share for the current year.

Insider Activity at United Parks & Resorts

In other United Parks & Resorts news, Director Yoshikazu Maruyama sold 12,984 shares of the firm’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 sale, 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 legal filing with the SEC, which is available through this hyperlink. In other news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now directly owns 722 shares in the company, valued at approximately $35,695.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Yoshikazu Maruyama sold 12,984 shares of United Parks & Resorts stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.07, for a total transaction of $650,108.88. Following the completion of the sale, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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.