Oppenheimer analyst Ian Zaffino maintained a Buy rating on Six Flags (SIX) yesterday and set a price target of $80. The company’s shares closed yesterday at $58.84.
Zaffino said:
“Management was upbeat. Membership sales remain the biggest opportunity, given their greater pricing potential, higher retention levels and revenue-recognition smoothing. The company is excited about other existing opportunities, such as all- season dining and International. Comps are significantly favorable in 4Q18 and 2019. The company raised its dividend by 5.1% on 11/14/18. $80 price target.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.6% and a 49.9% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.
Six Flags has an analyst consensus of Moderate Buy, with a price target consensus of $65, implying a 10.5% upside from current levels. In a report issued on November 1, B.Riley FBR also maintained a Buy rating on the stock with a $72 price target.
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The company has a one-year high of $73.38 and a one-year low of $51.91. Currently, Six Flags has an average volume of 1.33M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SIX in relation to earlier this year. Most recently, in August 2018, James Reid-Anderson, the COB, Pres & CEO of SIX bought 62,500 shares for a total of $2,346,250.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.
