Six Flags Entertainment Corp (SIX) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 68

Six Flags Entertainment Corp (SIX) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 68 from a previous price target of $64 . Wedbush advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Six Flags Entertainment Corp. Company shares were Reiterated by Wedbush on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 64 from a previous price target of $58 .Company shares were Upgraded by FBR Capital on Apr 1, 2016 to ” Outperform”, Firm has raised the Price Target to $ 64 from a previous price target of $58 .Sterne Agee CRT Initiated Six Flags Entertainment Corp on Mar 29, 2016 to “Neutral”, Price Target of the shares are set at $58.

On the company’s financial health, Six Flags Entertainment Corp reported $-0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.71. The company had revenue of $115.00 million for the quarter, compared to analysts expectations of $96.02 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.75 EPS.

Six Flags Entertainment Corp opened for trading at $60.19 and hit $62.69 on the upside on Wednesday, eventually ending the session at $61.33, with a gain of 4.57% or 2.68 points. The heightened volatility saw the trading volume jump to 27,15,561 shares. Company has a market cap of $5,616 M.

In a different news, on Apr 8, 2016, James Reid-anderson (Exec. Chairman) sold 97,959 shares at $58.85 per share price. According to the SEC, on Mar 11, 2016, Brett Petit (Senior VP – Marketing) sold 18,432 shares at $54.00 per share price. On Mar 9, 2016, Lance C Balk (Exec. VP and General Counsel) sold 333 shares at $52.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates 18 regional theme and water parks. Of these 16 are located in the United States one is located in Mexico City Mexico and one is located in Montreal Canada. Its parks generally offer a selection of thrill rides water attractions themed areas concerts and shows restaurants game venues and retail outlets. The Company’s parks offer approximately 800 rides including over 130 roller coasters. Its parks include Six Flags America Six Flags Discovery Kingdom Six Flags Fiesta Texas Six Flags Great Adventure & Safari Six Flags Great America Six Flags St. Louis Six Flags Magic Mountain Six Flags Mexico Six Flags New England Six Flags Over Georgia Six Flags Whitewater Atlanta Six Flags Over Texas La Ronde and Six Flags Great Escape Lodge & Indoor Waterpark.

Six Flags Entertainment Corp

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