why Six Flags Entertainment Corporation [SIX] is a Good Choice for Investors After New Price Target of $55.75


Six Flags Entertainment Corporation [NYSE: SIX] slipped around -1.4 points on Thursday, while shares priced at $28.30 at the close of the session, down -4.71%. The company report on May 12, 2022 that Six Flags Announces First Quarter 2022 Performance.

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Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today reported first quarter 2022 financial results.

“Six Flags has been quickly executing to improve the guest experience, improving ride throughput by increasing ride uptime and implementing single rider lanes on busy days; improving staffing and training of our team members; upgrading our park appearance, including our front gates, restrooms and restaurants; providing better food quality; and offering more guest amenities such as benches, shade structures, and children’s areas,” said Selim Bassoul, President and CEO. “We have reoriented our culture to prioritize the guest in everything we do, and we fundamentally believe this will drive significant and sustainable long-term earnings growth.”.

Six Flags Entertainment Corporation stock is now -33.54% down from its year-to-date (YTD) trading value. SIX Stock saw the intraday high of $30.59 and lowest of $26.84 per share. The company’s 52-week high price is 47.61, which means current price is +5.44% above from all time high which was touched on 02/10/22.

Compared to the average trading volume of 1.61M shares, SIX reached a trading volume of 5809201 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Six Flags Entertainment Corporation [SIX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SIX shares is $55.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SIX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Rosenblatt have made an estimate for Six Flags Entertainment Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 26, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $45 to $57. The new note on the price target was released on March 04, 2022, representing the official price target for Six Flags Entertainment Corporation stock. Previously, the target price had yet another raise to $54, while Citigroup analysts kept a Buy rating on SIX stock.

The Average True Range (ATR) for Six Flags Entertainment Corporation is set at 2.09, with the Price to Sales ratio for SIX stock in the period of the last 12 months amounting to 1.65. Price to Free Cash Flow for SIX in the course of the last twelve months was 11.61 with Quick ratio for the last quarter at 1.10.

How has SIX stock performed recently?

Six Flags Entertainment Corporation [SIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.88. With this latest performance, SIX shares dropped by -28.30% in over the last four-week period, additionally sinking by -32.64% over the last 6 months – not to mention a drop of -32.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SIX stock in for the last two-week period is set at 16.07, with the RSI for the last a single of trading hit 9.83, and the three-weeks RSI is set at 22.28 for Six Flags Entertainment Corporation [SIX]. The present Moving Average for the last 50 days of trading for this stock 39.76, while it was recorded at 30.77 for the last single week of trading, and 41.33 for the last 200 days.

Six Flags Entertainment Corporation [SIX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Six Flags Entertainment Corporation [SIX] shares currently have an operating margin of +26.60 and a Gross Margin at +40.72. Six Flags Entertainment Corporation’s Net Margin is presently recorded at +8.68.

Six Flags Entertainment Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings analysis for Six Flags Entertainment Corporation [SIX]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Six Flags Entertainment Corporation go to 25.19%.

Insider trade positions for Six Flags Entertainment Corporation [SIX]

There are presently around $2,298 million, or 93.30% of SIX stock, in the hands of institutional investors. The top three institutional holders of SIX stocks are: H PARTNERS MANAGEMENT, LLC with ownership of 8,925,000, which is approximately 12.975% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 7,673,300 shares of the stock with an approximate value of $227.9 million in SIX stocks shares; and BLACKROCK INC., currently with $193.93 million in SIX stock with ownership of nearly -0.92% of the company’s market capitalization.

174 institutional holders increased their position in Six Flags Entertainment Corporation [NYSE:SIX] by around 16,088,981 shares. Additionally, 153 investors decreased positions by around 12,792,969 shares, while 58 investors held positions by with 48,482,496 shares. The mentioned changes placed institutional holdings at 77,364,446 shares, according to the latest SEC report filing. SIX stock had 68 new institutional investments in for a total of 6,443,521 shares, while 61 institutional investors sold positions of 7,185,152 shares during the same period.