United Parks & Resorts (NYSE:PRKS) Price Target Lowered to $58.00 at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its price target cut by Truist Financial from $64.00 to $58.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on PRKS. Citigroup increased their price target on shares of United Parks & Resorts from $54.00 to $57.00 and gave the company a neutral rating in a research note on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of United Parks & Resorts from $57.00 to $61.00 and gave the company a neutral rating in a research note on Thursday, February 29th. Mizuho started coverage on United Parks & Resorts in a report on Tuesday, March 26th. They set an underperform rating and a $47.00 price objective on the stock. Finally, Guggenheim started coverage on United Parks & Resorts in a report on Thursday, April 4th. They issued a buy rating and a $73.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, United Parks & Resorts presently has an average rating of Hold and an average target price of $59.20.

United Parks & Resorts Trading Up 1.3 %

Shares of United Parks & Resorts stock traded up $0.64 during trading on Friday, hitting $50.48. 866,749 shares of the stock were exchanged, compared to its average volume of 872,969. The business’s 50-day simple moving average is $52.97. The company has a market cap of $3.19 billion, a PE ratio of 13.90 and a beta of 1.83. United Parks & Resorts has a 12-month low of $40.87 and a 12-month high of $61.30.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.16). The business had revenue of $389.00 million during the quarter, compared to analyst estimates of $396.45 million. United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities analysts forecast that United Parks & Resorts will post 4.59 earnings per share for the current year.

Insider Transactions at United Parks & Resorts

In other United Parks & Resorts news, insider Byron Surrett sold 1,082 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $53.48, for a total transaction of $57,865.36. Following the completion of the sale, the insider now directly owns 10,586 shares of the company’s stock, valued at approximately $566,139.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kyle Robert Miller sold 1,000 shares of United Parks & Resorts stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $53.87, for a total value of $53,870.00. Following the sale, the insider now owns 36,961 shares of the company’s stock, valued at $1,991,089.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Byron Surrett sold 1,082 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $53.48, for a total transaction of $57,865.36. Following the transaction, the insider now owns 10,586 shares in the company, valued at $566,139.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,165 shares of company stock worth $420,927. Company 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.