JPMorgan Chase & Co. Trims United Parks & Resorts (NYSE:PRKS) Target Price to $56.00

United Parks & Resorts (NYSE:PRKS) had its price objective decreased by JPMorgan Chase & Co. from $57.00 to $56.00 in a report released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

PRKS has been the topic of a number of other research reports. The Goldman Sachs Group lowered shares of United Parks & Resorts from a buy rating to a neutral rating and cut their price objective for the stock from $63.00 to $53.00 in a research report on Thursday, August 8th. B. Riley increased their price objective on shares of United Parks & Resorts from $75.00 to $84.00 and gave the stock a buy rating in a research note on Monday, July 1st. Truist Financial decreased their price target on United Parks & Resorts from $68.00 to $62.00 and set a buy rating for the company in a research note on Thursday, August 8th. Citigroup upped their price objective on United Parks & Resorts from $55.00 to $59.00 and gave the stock a neutral rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parks & Resorts from $76.00 to $74.00 and set a buy rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $65.00.

United Parks & Resorts Trading Up 0.7 %

PRKS stock opened at $51.63 on Monday. The stock has a 50-day moving average price of $51.32 and a two-hundred day moving average price of $52.16. United Parks & Resorts has a 1 year low of $40.87 and a 1 year high of $60.36. The stock has a market cap of $3.23 billion, a PE ratio of 13.88 and a beta of 2.01.

United Parks & Resorts (NYSE:PRKS) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.08). The firm had revenue of $497.60 million for the quarter, compared to the consensus estimate of $503.93 million. United Parks & Resorts had a negative return on equity of 92.07% and a net margin of 14.06%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. On average, analysts forecast that United Parks & Resorts will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Parks & Resorts news, insider Jayson Maxwell sold 545 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $49.44, for a total value of $26,944.80. Following the transaction, the insider now directly owns 722 shares of the company’s stock, valued at approximately $35,695.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jayson Maxwell sold 545 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yoshikazu Maruyama sold 12,984 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.07, for a total value of $650,108.88. Following the transaction, the director now owns 41,766 shares in the company, valued at approximately $2,091,223.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,366 shares of company stock valued at $1,938,984. Company insiders own 1.10% of the company’s stock.

United Parks & Resorts Company Profile

United Parks & Resorts Inc, together with its subsidiaries, operates as a theme park and entertainment company in the United States. It operates and licenses SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; Abu Dhabi, United Arab Emirates; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.