Brokerages Set United Parks & Resorts Inc. (NYSE:PRKS) Price Target at $58.38

Shares of United Parks & Resorts Inc. (NYSE:PRKS) have received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $57.85.

Several research firms have issued reports on PRKS. Guggenheim increased their price objective on United Parks & Resorts from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Truist Financial reduced their price target on shares of United Parks & Resorts from $62.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Mizuho raised their price objective on shares of United Parks & Resorts from $43.00 to $45.00 and gave the stock an “underperform” rating in a research note on Thursday, February 27th. Macquarie cut their price target on United Parks & Resorts from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Barclays began coverage on shares of United Parks & Resorts in a research note on Friday, March 14th. They issued an “equal weight” rating and a $50.00 target price for the company.

United Parks & Resorts Trading Up 1.8%

NYSE:PRKS opened at $42.63 on Monday. The stock’s 50 day simple moving average is $44.73 and its 200-day simple moving average is $49.55. United Parks & Resorts has a 12-month low of $37.68 and a 12-month high of $60.83. The firm has a market cap of $2.34 billion, a P/E ratio of 11.37, a PEG ratio of 2.13 and a beta of 1.44.

United Parks & Resorts (NYSE:PRKS) last issued its earnings results on Monday, May 12th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). The firm had revenue of $286.95 million during the quarter, compared to analysts’ expectations of $294.28 million. United Parks & Resorts had a net margin of 12.98% and a negative return on equity of 51.46%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. Research analysts forecast that United Parks & Resorts will post 3.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PRKS. Inspire Investing LLC boosted its position in shares of United Parks & Resorts by 6.1% in the first quarter. Inspire Investing LLC now owns 7,540 shares of the company’s stock worth $343,000 after buying an additional 434 shares during the period. Rhumbline Advisers grew its stake in United Parks & Resorts by 2.5% during the 1st quarter. Rhumbline Advisers now owns 49,738 shares of the company’s stock valued at $2,261,000 after purchasing an additional 1,190 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of United Parks & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 102,317 shares of the company’s stock valued at $4,651,000 after purchasing an additional 3,047 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of United Parks & Resorts by 58.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 678,813 shares of the company’s stock valued at $30,859,000 after purchasing an additional 251,522 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of United Parks & Resorts by 85.3% during the first quarter. Dynamic Technology Lab Private Ltd now owns 23,740 shares of the company’s stock worth $1,079,000 after buying an additional 10,930 shares in the last quarter.

About United Parks & Resorts

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.