Analysts at Goldman Sachs initiated coverage on shares of Six Flags Entertainment Corp (NYSE: SIX) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “conviction-buy” rating and a $83.50 price target on the stock.
The analysts wrote, “Following years of under-management, new management at SIX has started a turnaround which in our view is still in early stages. On pricing, SIX is still below FUN and also recently started to focus on cost efficiencies and capital allocation. We forecast a step function improvement in flow through/incrementals at SIX to 155% versus FUN that has consistently operated at a much higher flow through of almost 200%.”
Separately, analysts at B. Riley raised their price target on shares of Six Flags Entertainment Corp to $81.00 in a research note to investors on Friday, March 22nd.
Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Six Flags Entertainment Corp currently has a consensus rating of “Buy” and an average price target of $75.48.
Shares of Six Flags Entertainment Corp (NYSE: SIX) traded up 0.49% during mid-day trading on Wednesday, hitting $73.43. Six Flags Entertainment Corp has a one year low of $43.13 and a one year high of $73.32. The stock’s 50-day moving average is currently $68.48. The company has a market cap of $3.689 billion and a P/E ratio of 11.45.
Six Flags Entertainment Corp (NYSE: SIX) last issued its quarterly earnings data on Wednesday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.46. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $135.96 million. During the same quarter in the prior year, the company posted ($1.85) earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Six Flags Entertainment Corp will post $2.01 EPS for the current fiscal year.
Six Flags Entertainment Corporation, formerly Six Flags, Inc. (NYSE: SIX), is engaged in owning and operating regional theme amusement and water parks.