Stifel Nicolaus Sticks to Their Buy Rating for Six Flags Entertainment Corporation (FUN)

In a report released yesterday, Steven Wieczynski from Stifel Nicolaus maintained a Buy rating on Six Flags Entertainment Corporation (FUN – Research Report), with a price target of $64.00. The company’s shares closed yesterday at $47.88.

According to TipRanks, Wieczynski is a 5-star analyst with an average return of 14.2% and a 52.76% success rate. Wieczynski covers the Consumer Cyclical sector, focusing on stocks such as Wynn Resorts, Caesars Entertainment, and OneSpaWorld Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Six Flags Entertainment Corporation with a $53.33 average price target, representing an 11.38% upside. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $56.00 price target.

Based on Six Flags Entertainment Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.35 billion and a net profit of $110.97 million. In comparison, last year the company earned a revenue of $547.46 million and had a net profit of $110.7 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FUN in relation to earlier this year.

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Six Flags Entertainment Corporation (FUN) Company Description:

Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership’s portfolio of parks includes Cedar Point, Kings Island, Canada’s Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan’s Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott’s Berry Farm, and California’s Great America. Other than these parks, the partnership also holds a contract to operate few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.