United Parks & Resorts Inc. (NYSE:PRKS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

United Parks & Resorts Inc. (NYSE:PRKS) has been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $65.00.

Several equities research analysts have recently commented on PRKS shares. JPMorgan Chase & Co. decreased their price objective on United Parks & Resorts from $57.00 to $56.00 and set a “neutral” rating for the company in a report on Monday. Macquarie lowered their price objective on shares of United Parks & Resorts from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Citigroup raised their price objective on shares of United Parks & Resorts from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parks & Resorts from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Stifel Nicolaus dropped their price target on shares of United Parks & Resorts from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

United Parks & Resorts Trading Up 0.7 %

NYSE:PRKS opened at $51.63 on Friday. United Parks & Resorts has a 12 month low of $40.87 and a 12 month high of $60.36. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 13.88 and a beta of 2.01. The firm has a fifty day simple moving average of $51.32 and a two-hundred day simple moving average of $52.16.

United Parks & Resorts (NYSE:PRKS) last issued 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 firm had revenue of $497.60 million during the quarter, compared to the consensus estimate of $503.93 million. During the same period in the previous year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts predict that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of United Parks & Resorts stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total transaction of $26,944.80. Following the transaction, the insider now owns 722 shares of the company’s stock, valued at approximately $35,695.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider George Anthony Taylor sold 23,837 shares of the 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 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 through this link. Also, insider Jayson Maxwell sold 545 shares of the firm’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 of the company’s stock, valued at approximately $35,695.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,366 shares of company stock valued at $1,938,984. Corporate insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

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.