In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on SeaWorld (SEAS), with a price target of $37. The company’s shares closed last Monday at $28.82.
“We continue to argue that the potential for SEAS to close the multi-year attendance gap from the 2012/2013 levels (i.e., before Blackfish) represents a meaningfully positive opportunity for profitability and cash flow on a much more streamlined operating platform compared to the 2012/2013 period. We are reiterating our Buy rating and $37 PT.”
According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -8.4% and a 32.9% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SeaWorld with a $38 average price target.
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SeaWorld’s market cap is currently $2.27B and has a P/E ratio of 24.76. The company has a Price to Book ratio of 17.11.
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SeaWorld Entertainment, Inc. is a theme park and entertainment company, which operates through its wholly owned subsidiary, SeaWorld Parks & Entertainment, Inc. The company engages in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world. Its portfolio of branded theme parks includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. The SeaWorld is widely recognized as the marine-life theme park brand in the world. Its SeaWorld theme parks are located in Orlando, San Antonio, and San Diego. The Busch Gardens theme parks are family-oriented destinations designed to immerse guests in foreign geographic settings. The Aquatica branded water parks are premium, family-oriented destinations that are based in a South Seas-themed tropical setting. Aquatica water parks are build on the aquatic theme of its SeaWorld brand and feature high-energy rides, water attractions, white-sand beaches and an innovative and entertaining presentation of marine and terrestrial animals. The Discovery Cove offers guests personal, signature experiences, including the opportunity to swim and interact with dolphins, take an underwater walking reef tour and enjoy pristine white-sand beaches and landscaped private cabanas. The Sesame Place is a destination where parents and children can share in the spirit of imagination and experience Sesame Street together through whirling rides, water slides, colorful shows and furry friends. SeaWorld Entertainment was founded on October 2, 2009 and is headquartered in Orlando, FL.