United Parks & Resorts (NYSE:PRKS) Given New $58.00 Price Target at Truist Financial

United Parks & Resorts (NYSE:PRKS) had its target price reduced by Truist Financial from $64.00 to $58.00 in a report published on Friday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price target on United Parks & Resorts from $57.00 to $61.00 and gave the company a neutral rating in a report on Thursday, February 29th. Guggenheim initiated coverage on shares of United Parks & Resorts in a research report on Thursday, April 4th. They issued a buy rating and a $73.00 target price for the company. Citigroup raised their price target on shares of United Parks & Resorts from $54.00 to $57.00 and gave the company a neutral rating in a report on Tuesday, April 9th. Finally, Mizuho began coverage on shares of United Parks & Resorts in a report on Tuesday, March 26th. They issued an underperform rating and a $47.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $59.20.

United Parks & Resorts Stock Performance

PRKS stock traded up $0.64 during mid-day trading on Friday, reaching $50.48. 866,749 shares of the stock traded hands, compared to its average volume of 872,969. United Parks & Resorts has a 52-week low of $40.87 and a 52-week high of $61.30. The stock has a fifty day moving average of $52.97. The stock has a market capitalization of $3.19 billion, a P/E ratio of 13.90 and a beta of 1.83.

United Parks & Resorts (NYSE:PRKS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.16). United Parks & Resorts had a net margin of 13.56% and a negative return on equity of 72.46%. The company had revenue of $389.00 million during the quarter, compared to analyst estimates of $396.45 million. During the same quarter in the prior year, the company posted $0.76 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts forecast that United Parks & Resorts will post 4.59 earnings per share for the current year.

Insider Activity

In related news, insider Kyle Robert Miller sold 1,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the sale, the insider now directly owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Kyle Robert Miller sold 1,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $53.87, for a total transaction of $53,870.00. Following the completion of the transaction, the insider now owns 36,961 shares of the company’s stock, valued at approximately $1,991,089.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Byron Surrett sold 5,083 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $50.50, for a total value of $256,691.50. Following the sale, the insider now owns 15,306 shares of the company’s stock, valued at approximately $772,953. The disclosure for this sale can be found here. Insiders have sold a total of 8,165 shares of company stock valued at $420,927 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

About United Parks & Resorts

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.