Deutsche Bank slashes price target on Six Flags Entertainment Corp [SIX] – find out why.

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Six Flags Entertainment Corp [NYSE: SIX] closed the trading session at $32.00.

The stocks have a year to date performance of 40.60 percent and weekly performance of 7.68 percent. The stock has been moved at 41.16 percent over the last six months. The stock has performed 38.94 percent around the most recent 30 days and changed 35.52 percent over the most recent 3-months.

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If compared to the average trading volume of 1.45M shares, SIX reached to a volume of 16921967 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Six Flags Entertainment Corp [SIX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SIX shares is $30.78 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 1.90. 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.

Deutsche Bank have made an estimate for Six Flags Entertainment Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price from $30 to $31. The new note on the price target was released on April 18, 2024, representing the official price target for Six Flags Entertainment Corp stock. Previously, the target price had yet another raise to $30, while B. Riley Securities analysts kept a Neutral rating on SIX stock. On December 14, 2023, analysts increased their price target for SIX shares from 29 to 32.

The Average True Range (ATR) for Six Flags Entertainment Corp is set at 1.32, with the Price to Sales ratio for SIX stock in the period of the last 12 months amounting to 1.90. Price to Free Cash Flow for SIX in the course of the last twelve months was 27.04 with Quick ratio for the last quarter at 0.31.

SIX stock trade performance evaluation

Six Flags Entertainment Corp [SIX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.68. With this latest performance, SIX shares gained by 38.94% in over the last four-week period, additionally plugging by 41.16% over the last 6 months – not to mention a rise of 33.32% 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 72.39, with the RSI for the last a single of trading hit 63.35, and the three-weeks RSI is set at 64.66 for Six Flags Entertainment Corp [SIX]. The present Moving Average for the last 50 days of trading for this stock 26.88, while it was recorded at 31.79 for the last single week of trading, and 24.80 for the last 200 days.

Six Flags Entertainment Corp [SIX]: An insightful look at the core fundamentals

Six Flags Entertainment Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.36.

Earnings per share (EPS) analysis for Six Flags Entertainment Corp [SIX] stock

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 Corp go to 6.07%.

Six Flags Entertainment Corp [SIX]: Institutional Ownership

The top three institutional holders of SIX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SIX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SIX stock with ownership which is approximately 5.1238%.

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