Wells Fargo Keeps Their Hold Rating on Six Flags (SIX)
Wells Fargo analyst Tim Conder maintained a Hold rating on Six Flags (SIX) today. The company’s shares closed last Friday at $17.39.
According to TipRanks.com, Conder is a 4-star analyst with an average return of 10.3% and a 58.9% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as Patrick Industries, Acushnet Holdings, and Harley-Davidson.
Currently, the analyst consensus on Six Flags is a Moderate Buy with an average price target of $21.50, which is a 25.1% upside from current levels. In a report issued on July 29, Credit Suisse also assigned a Hold rating to the stock with a $17.00 price target.
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Based on Six Flags’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $103 million and GAAP net loss of $84.55 million. In comparison, last year the company earned revenue of $477 million and had a net profit of $79.52 million.
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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.