Analyst Rating Update on Six Flags Entertainment Corporation New (SIX)

Six Flags Entertainment Corporation New (NYSE:SIX) : 6 brokerage houses believe that Six Flags Entertainment Corporation New (NYSE:SIX) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Six Flags Entertainment Corporation New (NYSE:SIX). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.

Six Flags Entertainment Corporation New (NYSE:SIX) : Currently there are 6 street experts covering Six Flags Entertainment Corporation New (NYSE:SIX) stock. The most bullish and bearish price target for the stock is $68 and $62 respectively for the short term. The average price target of all the analysts comes to $65.5. The estimated standard deviation from the target is $2.26.

For the current week, the company shares have a recommendation consensus of Buy.

Six Flags Entertainment Corporation New (NYSE:SIX): stock turned positive on Tuesday. Though the stock opened at $56.46, the bulls momentum made the stock top out at $56.73 level for the day. The stock recorded a low of $55.42 and closed the trading day at $56.66, in the green by 1.96%. The total traded volume for the day was 862,273. The stock had closed at $55.57 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Six Flags Entertainment Corp, Nabi Usman had sold 658,228 shares worth of $38,473,427 in a transaction dated June 7, 2016. In this transaction, 658,228 shares were sold at $58.45 per share.

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 Companys 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.

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