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

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

Several other research firms have also recently weighed in on PRKS. Deutsche Bank Aktiengesellschaft cut their price objective 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. Stifel Nicolaus reduced their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a buy rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of United Parks & Resorts from $57.00 to $56.00 and set a neutral rating on the stock in a report on Monday. B. Riley boosted their price objective on shares of United Parks & Resorts from $75.00 to $84.00 and gave the company a buy rating in a research report on Monday, July 1st. Finally, The Goldman Sachs Group downgraded United Parks & Resorts from a buy rating to a neutral rating and dropped their price target for the company from $63.00 to $53.00 in a research note on Thursday, August 8th. One investment 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 presently has an average rating of Moderate Buy and an average target price of $65.00.

United Parks & Resorts Stock Performance

PRKS opened at $51.63 on Wednesday. The firm’s fifty day moving average is $51.32 and its two-hundred day moving average is $52.16. The firm has a market cap of $3.23 billion, a PE ratio of 13.88 and a beta of 2.01. 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 issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.08). The business had revenue of $497.60 million for the quarter, compared to analyst estimates of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 EPS. Equities analysts forecast that United Parks & Resorts will post 4.36 EPS for the current fiscal year.

Insider Transactions at United Parks & Resorts

In related news, insider Jayson Maxwell sold 545 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total transaction of $26,944.80. Following the sale, the insider now owns 722 shares in the company, valued at $35,695.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider George Anthony Taylor sold 23,837 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 85,463 shares in the company, valued at approximately $4,524,411.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The disclosure for this sale can be found here. Insiders sold a total of 37,366 shares of company stock worth $1,938,984 in the last three months. 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.