In a report released today, Ian Zaffino from Oppenheimer maintained a Hold rating on Six Flags (SIX). The company’s shares closed last Thursday at $20.14.
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 1.4% and a 50.8% success rate. Zaffino covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Servicemaster Global Holdings, and Madison Square Garden Sports.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Six Flags with a $19.06 average price target, which is a -11.3% downside from current levels. In a report issued on April 28, Wells Fargo also upgraded the stock to Hold with a $16.00 price target.
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Six Flags’ market cap is currently $1.79B and has a P/E ratio of 9.00. The company has a Price to Book ratio of -0.93.
Based on the recent corporate insider activity of 50 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.
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 operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional 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.
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