United Parks & Resorts (NYSE:PRKS) Price Target Cut to $56.00 by Analysts at JPMorgan Chase & Co.

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

A number of other equities research analysts also recently weighed in on the stock. Citigroup lifted their price target on shares of United Parks & Resorts from $55.00 to $59.00 and gave the company a neutral rating in a research report on Monday, July 22nd. B. Riley upped their target price on United Parks & Resorts from $75.00 to $84.00 and gave the company a buy rating in a research report on Monday, July 1st. Macquarie dropped their price target on United Parks & Resorts from $80.00 to $75.00 and set an outperform rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parks & Resorts from $76.00 to $74.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group cut shares of United Parks & Resorts from a buy rating to a neutral rating and dropped their target price for the company from $63.00 to $53.00 in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $65.00.

United Parks & Resorts Stock Up 3.3 %

PRKS stock opened at $53.31 on Monday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 14.33 and a beta of 2.01. United Parks & Resorts has a twelve month low of $40.87 and a twelve month high of $60.36. The business has a 50 day moving average price of $51.26 and a two-hundred day moving average price of $52.17.

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

Insider Buying and Selling

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 completion of the transaction, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider George Anthony Taylor sold 23,837 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $52.94, for a total transaction of $1,261,930.78. Following the completion of the sale, the insider now directly owns 85,463 shares in the company, valued at $4,524,411.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jayson Maxwell sold 545 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $49.44, for a total value of $26,944.80. Following the sale, the insider now owns 722 shares of the company’s stock, valued at $35,695.68. The disclosure for this sale can be found here. Insiders have sold 37,366 shares of company stock worth $1,938,984 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.