Six Flags Entertainment Corporation New (SIX) Given “Buy” Rating at SunTrust Banks, Inc.

Six Flags Entertainment Corporation New (NYSE:SIX)‘s stock had its “buy” rating restated by equities research analysts at SunTrust Banks, Inc. in a note issued to investors on Friday, October 27th. They presently have a $70.00 target price on the stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 8.23% from the stock’s previous close. SunTrust Banks also issued estimates for Six Flags Entertainment Corporation New’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $2.17 EPS, Q1 2018 earnings at ($0.68) EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $2.20 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $2.61 EPS and FY2019 earnings at $2.90 EPS.

Several other research analysts have also weighed in on SIX. Zacks Investment Research lowered Six Flags Entertainment Corporation New from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 target price on shares of Six Flags Entertainment Corporation New in a report on Friday, July 14th. FBR & Co reiterated a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, July 19th. Finally, William Blair initiated coverage on Six Flags Entertainment Corporation New in a report on Friday, July 21st. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Six Flags Entertainment Corporation New has an average rating of “Buy” and a consensus target price of $67.00.

Shares of Six Flags Entertainment Corporation New (SIX) opened at $64.68 on Friday. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. Six Flags Entertainment Corporation New has a 52 week low of $51.25 and a 52 week high of $65.75. The company has a market capitalization of $5,419.26, a price-to-earnings ratio of 30.95, a PEG ratio of 3.87 and a beta of 1.15.

Six Flags Entertainment Corporation New (NYSE:SIX) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.31. Six Flags Entertainment Corporation New had a negative return on equity of 47.41% and a net margin of 13.24%. The business had revenue of $580.40 million during the quarter, compared to analysts’ expectations of $583.59 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. sell-side analysts predict that Six Flags Entertainment Corporation New will post 2.09 earnings per share for the current fiscal year.

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In other news, Director Jon L. Luther bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $52.58 per share, with a total value of $157,740.00. Following the completion of the transaction, the director now owns 53,511 shares of the company’s stock, valued at $2,813,608.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of SIX. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Six Flags Entertainment Corporation New by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,637 shares of the company’s stock worth $157,000 after buying an additional 225 shares in the last quarter. Ffcm LLC grew its position in Six Flags Entertainment Corporation New by 114.8% during the second quarter. Ffcm LLC now owns 2,631 shares of the company’s stock worth $157,000 after buying an additional 1,406 shares in the last quarter. State of Alaska Department of Revenue grew its position in Six Flags Entertainment Corporation New by 6.2% during the second quarter. State of Alaska Department of Revenue now owns 2,673 shares of the company’s stock worth $159,000 after buying an additional 155 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Six Flags Entertainment Corporation New during the second quarter worth approximately $185,000. Finally, Parametrica Management Ltd acquired a new stake in Six Flags Entertainment Corporation New during the second quarter worth approximately $205,000. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Analyst Recommendations for Six Flags Entertainment Corporation New (NYSE:SIX)

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